India-EFTA Trade Deal
On 10th March, 2024, India finalized a significant trade agreement with the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland.
- This pact, spanning 15 years, promises a substantial investment of $100 billion into India's economy.
Boost to Trade and Investment
- India anticipates that the pact, coupled with recent deals with the UAE and Australia, will enhance exports of pharmaceuticals, garments, chemicals, and machinery.
- Investments are expected to flow into sectors such as automobiles, food processing, railways, and the financial sector.
Trade Dynamics with EFTA
- India ranks as the EFTA's fifth-largest trading partner, with total two-way trade reaching $25 ....
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