The India - EU Free Trade Agreement is a landmark trade pact between India and the European Union that aims to deepen economic ties through extensive tariff reductions, expanded services access, and improved investment flows. The EU will provide preferential access covering nearly all of India’s export value, benefiting labour-intensive sectors such as textiles, leather, and marine products, while also opening opportunities in IT and professional services. At the same time, India will gradually lower tariffs on a large share of EU goods with safeguards for sensitive sectors. However, strict EU regulatory standards, sustainability norms, and carbon-related measures remain key challenges that could limit gains unless Indian industries upgrade compliance capacity. Overall, the agreement strengthens India’s integration with a major global market while requiring domestic reforms to fully realize its benefits.
Click to View MoreThe Export Preparedness Index (EPI) 2024, released by NITI Aayog, provides a comprehensive assessment of the export readiness of Indian States and Union Territories by evaluating infrastructure, business ecosystem, policy and governance, and export performance. With a stronger focus on districts, MSMEs, human capital, and cost competitiveness, the index identifies key challenges and policy priorities, promotes cooperative federalism, and supports India’s long-term goal of achieving sustained, inclusive, and globally competitive export growth.
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The Credit Guarantee Scheme for Exporters is a government initiative providing collateral-free credit support of up to twenty thousand crore rupees to Indian exporters, including micro, small, and medium enterprises. By offering a 100% government-backed credit guarantee, the scheme enhances liquidity, promotes market diversification, strengthens global competitiveness, and supports employment. It aims to facilitate export-led growth, enable smoother business operations, and contribute to India’s journey towards becoming a self-reliant economy.
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