New Delhi’s latest diplomatic triumph has Prime Minister Narendra Modi showering praise on the newly inked India-EU Free Trade Agreement (FTA). Describing it as a transformative pact, Modi highlighted its potential to supercharge India’s markets and unlock a wave of employment opportunities.
In a post on social media platform X from the Prime Minister’s Office, Modi spotlighted an insightful article by Union Commerce Minister Piyush Goyal on this historic deal. The agreement aligns seamlessly with the vision of a fully developed India, promising economic expansion on an unprecedented scale.
Minister Goyal, in his detailed commentary, called the successful conclusion of the India-EU FTA a landmark achievement. He drew a sharp contrast with the UPA era, where trade pacts were rushed through, often leaving India at a disadvantage by conceding far more than it gained.
This deal, Goyal emphasized, will fortify key sectors of India’s economy and propel prosperity forward. Under PM Modi’s decisive leadership and strategic foresight, the negotiations prioritized India’s core interests, expanding market access, creating jobs, and accelerating economic growth.
Responding firmly to criticisms from the Congress party, Goyal asserted that the FTA is not one-sided but mutually beneficial. It will turbocharge India’s economic growth, opening vast opportunities for businesses and citizens alike.
According to PM Modi, the agreement deepens economic ties, generates opportunities for the people, and strengthens the India-Europe partnership for a prosperous future. As India’s largest FTA to date, it promises significant benefits for the nation’s 1.4 billion citizens.
Farmers and small industries stand to gain immensely with easier access to European markets. New avenues will emerge in manufacturing, while collaboration in services sectors will intensify, marking a new era of bilateral trade excellence.