Economy

Under the India-EU free trade agreement, India has agreed to eliminate duties on most of the iron and steel products from the EU in a phased manner.

The DLI Scheme aims to accelerate domestic chip design capabilities.

At present, the European Union is the second biggest market for India's textile and apparel exports, after the US.

The US has heaped pressure on India's purchases of Russian oil by imposing additional tariffs on the South Asian nation.

Finance Minister Nirmala Sitharaman is set to present the budget on Feb. 1, this being her ninth budget in a row amid an geopolitical uncertainty and 7.4% growth rate. She is being assisted by notable bureaucrats who are helping her design and finalise the contents of this undertaking.

The landmark FTA, dubbed 'mother of all trade deals', covers 99% of total Indian exports to EU and 97% of EU's exports to India.

At Mumbai Climate Week, we will bring together the government, investors, developers, startups, communities, and citizens to work on these challenges.

Post-Budget programming will include Mega Budget Decode, editor roundtables, open-mic citizen reactions, sector-wise impact specials, and extended editions of flagship formats such as Ask Profit, Your Money Matters, and The Big Question.

Delivering the keynote address at India Energy Week 2026, the Minister of Industry and Advanced Technology of the UAE and Managing Director and CEO of ADNOC said India, as the world's third-largest energy consumer, has become a decisive force shaping global demand.

India is building LNG carriers domestically under a Rs 70,000 crore shipbuilding programme.

Brick and mortar retail shops in the top seven cities of India were at a three-year high due to gross leasing volume reaching a total of 12.5 million sq. ft in 2025.

Besides this, tariffs will be fully abolished for car parts after five to ten years.

The impact of the EU-India Free Trade Agreement on global politics

The meeting was attended by 51 members representing 39 different political parties.

The renewed push marks one of Prime Minister Mark Carneys major efforts to diversify Canadas export markets at a time of escalating trade tensions with the US.

India's economic rebound, he says, has been sharply K-shaped, with smaller firms struggling while larger corporates continue to compound profits.

The Commerce Ministry said the India-EU FTA covers goods, services, digital trade, SMEs, mobility and sustainability, making it India's most wide-ranging trade agreement to date.

India-EU Trade Deal: The deal is expected to double EU goods exports to India by 2032 by eliminating or reducing tariffs in value of 96.6% of EU goods exports to India.

India and the EU close a long-awaited trade deal, easing tariffs and widening market access as leaders position the pact as a stabilising force amid global uncertainty.

Prime Minister Narendra Modi said the proposed India-EU trade agreement covers nearly a quarter of global GDP and could significantly deepen economic ties between the two regions.