India, March 1 -- India and the European Union (EU) have announced the conclusion of negotiations for a Free Trade Agreement (FTA), marking a milestone in one of India's most strategic economic partnerships. Dubbed the 'mother of all deals,' the agreement is structured as a modern, rules-based trade framework designed to address current global trade challenges while enabling deeper market integration between the world's fourth and second largest economies.

The FTA unlocks access to the $572.3 billion EU pharmaceuticals and medical devices market, providing new opportunities for Indian manufacturers. The agreement is expected to support scaling of pharmaceutical production, employment generation, stronger MSME participation, and deeper in...