March 10, 2024

India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion jobs for the world’s fifth-largest economy.

The trade deal with European Free Trade Association nations, not part of the EU, was inked ahead of the country’s general elections due in the next few months that may give Prime Minister Narendra Modi a third-straight term in office.

The Indian government has finalized a series of major trade agreements over the past few years, and a deal with the UK is in the pipeline.

Read more:

https://www.cnbc.com/2024/03/11/india-inks-watershed-100-billion-free-trade-deal-with-four-non-eu-nations.html