Update (Jan 28, 2026): The government noted that... ... India EU Trade Deal: What Could Go Wrong With the Mother of All Deals

Update (Jan 28, 2026): The government noted that bilateral merchandise trade between India and the EU stood at around ₹11.5 lakh crore ($136.54 billion) in 2024-25, with Indian exports accounting for roughly ₹6.4 lakh crore ($75.85 billion). Trade in services reached ₹7.2 lakh crore ($83.10 billion) in 2024, and officials said the FTA aims to unlock untapped potential by creating a stable, predictable framework that enables Indian businesses, including MSMEs, to integrate into European value chains and plan long-term investments amid global economic uncertainty.