India-EU Trade Deal Signals Strategic Shift Amid Global Protectionism

Prime Minister Narendra Modi hailed the newly finalized EU-India trade agreement as the 'mother of all deals,' marking a significant breakthrough after decades of stalled negotiations. The pact covers 25% of global GDP and strengthens India's textile, leather, and jewelry sectors—key export drivers.

Both sides overcame longstanding protectionist barriers, particularly in agriculture and automotive trade. Hosuk Lee-Makiyama of the European Centre for International Political Economy noted the deal's strategic importance: 'With China and the U.S. off the table, this represents a pragmatic consolidation of trade interests.'

The agreement complements India's existing partnerships with Britain and EFTA, creating a diversified trade network. Market analysts suggest the deal could indirectly benefit cryptocurrency markets by fostering cross-border payment innovation, though digital assets weren't explicitly addressed in the terms.