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India-EU FTA Explained: What Gets Cheaper, Who Gains And Why This Deal Matters To Indian Consumers
The India-EU Free Trade Agreement, years successful the making, is being called the “mother of each deals” for a reason. It promises cheaper imports for Indian consumers and stronger export opportunities for Indian businesses. Import duties connected EU-made vehicles are expected to autumn sharply, making luxury cars and EVs much affordable, portion home and fund segments stay insulated. Indian exporters summation wider entree to Europe for textiles, apparel, electronics, jewellery, chemicals and pharmaceuticals. Crucially, India protected its farmers by excluding delicate workplace and dairy products. The woody besides lowers costs of high-end machinery, aircraft, aesculapian devices and electronics components that Indian manufacture depends on. Economists accidental the pact deepens value-chain integration alternatively than hurting home producers. In a satellite of rising protectionism, the India-EU FTA anchors India firmly successful planetary commercialized realignment.
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