In a world increasingly fractured by protectionist policies and geopolitical tensions, the announcement on January 27, 2026, from New Delhi stood out as a beacon of hope for open, rules-based trade. India and the European Union concluded negotiations on a comprehensive Free Trade Agreement (FTA), a pact that European Commission President Ursula von der Leyen aptly dubbed "the mother of all deals." Prime Minister Narendra Modi echoed the sentiment, calling it the largest trade agreement in India's history and a blueprint for shared prosperity in uncertain times. This isn't just another trade deal. It connects two of the world's largest democracies, creating a free trade zone encompassing nearly 2 billion people—India's 1.4 billion plus the EU's 450 million. Together, they represent about 25% of global GDP and a substantial portion of international trade. At a time when global supply chains are under strain and tariffs are rising elsewhere, this agreeme...
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