India and European Union Close in on Free Trade Agreement Ahead of New Delhi Summit

India and the European Union are expected to announce a free trade agreement this Tuesday. The deal seeks to expand trade and counter global protectionism.

Insights:
India ININand the European Union EUEU are close to concluding a long-sought free trade agreement (FTA), with an announcement expected on Tuesday at the India–EU Summit in New Delhi. This development is significant as it would represent the ninth trade agreement signed by Indiain four years. The pact is designed to expand bilateral trade and restore competitiveness for Indian export sectors hit by rising protectionist measures. Markets have been closely monitoring these discussions, with particular focus on the NIFTY 50 and S&P BSE SENSEX as investors evaluate the potential impact on India's $4.2 trillion economy.
Indian flag is seen in this illustration taken April 25, 2025. REUTERS/Dado Ruvic/Illustration
Indian flag is seen in this illustration taken April 25, 2025. REUTERS/Dado Ruvic/Illustration
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