Overview
- An EU Delegation report released Thursday counted nearly 6,000 European firms in India with €186 billion in 2024 turnover, about 6 million supported jobs, and €7 billion in taxes.
- The study logged €218 billion in EU investment in India over 2014–2024 and €23.5 billion in exports from India in 2024 tied to EU firms, roughly 6% of India’s total exports.
- Officials said legal scrutiny of the India‑EU free trade agreement should finish by July, with entry into force viewed as possible in early 2027.
- EU Ambassador Herve Delphin urged adding an investment liberalisation chapter to the FTA and pressing ahead with an Investment Protection Agreement and a Geographical Indications pact to give investors firmer legal ground.
- Industry leaders welcomed tariff cuts but asked for clear rollout details, with BMW India noting car import duties could drop from 110% to 40% in the first year under the deal.