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Right now, the EU is India’s biggest trading partner if you count it as a bloc, trading about €120 billion a year. The goal is to double that by 2032. That is a lot of euros.
If you live in Mumbai, get ready for cheaper European cars, wines and machinery.
If you live in Europe, expect cheaper electronics, textiles and medicines.
And India also needs waste management and green energy. That is exactly what European companies are good at. So, expect to see European tech in Indian water plants soon.
But not everyone is invited to the party. Beef, chicken, sugar and rice stay protected. The reason is simple: after recent Mercosur negotiations, nobody wanted to risk a riot. Food fights are officially cancelled.
At full potential, this creates a market of 2 billion people covering almost a quarter of the world’s GDP.
Brussels calls it the most ambitious deal India has ever signed. And it seems the EU needed that win.
Remember that EU-US trade deal Ursula von der Leyen and Donald Trump struck at his Scottish golf course last summer? Yeah, it is facing further delays. MEPs just postponed the vote on it again.
So while Washington waits, Delhi trades. And I’ve got a Hindi lesson in five minutes. Namaste.
Watch the video in the player above for the entire story.
