The recently concluded India-EU summit was ‘historic’, says Herve Delphin, the EU Ambassador to India, highlighting growing strategic convergences between New Delhi & Brussels.
Established in 1968, the EU Customs Union is a foundational pillar of European economic integration. With Turkey in the mix, India’s biggest deal with the EU suddenly looks more complicated.
For India and the EU, the reliance on the US for security needs and on China for goods and services is associated with greater risks and vulnerability to major disruptions.
Number of sectors, including marine products, gems & jewellery textiles have been impacted by US tariffs. Indian exporters will see better access to EU markets in these areas.
Substantial differences remain between India & EU on negotiations for the Free Trade Agreement. It remains unclear whether agriculture or which parts of this sector will be included in the FTA.
An India-EU FTA is far more than a trade negotiation—it’s a test of whether two large democracies can craft a pragmatic partnership in a polarising world.
The challenge is no longer one of policy intent — the blueprint for a world-class ECCE system exists within the NEP 2020. The task now is implementation fidelity.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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