A Historic Milestone: The India-EU Free Trade Agreement
India has officially entered a new era of global trade. Prime Minister Narendra Modi recently announced the conclusion of the India-EU Free Trade Agreement (FTA), described by many as the “mother of all deals.” This historic pact is set to eliminate or significantly reduce tariffs on over 96% of goods, creating a massive free trade zone encompassing nearly 2 billion people. For Indian exporters, particularly in textiles, apparel, and seafood, this is a game-changer that opens direct, duty-free access to European markets.
Economic Survey 2026: The Road Ahead
Today, January 29, the Economic Survey 2026 was tabled in Parliament, providing the blueprint for the upcoming Union Budget on February 1st. The survey highlights India’s resilient growth despite global volatility. Key takeaways include:
* Aviation Boom: India is projected to become the world’s 3rd largest aviation market within the decade, with fleet sizes doubling.
* Infrastructure Growth: Projects like the Ganga Expressway are nearing completion, signaling a massive boost in internal logistics.
* Digital Leadership: India continues to lead in digital public infrastructure, now being exported as a model to other developing nations.
National Updates
While the economy looks bright, the nation also mourns the passing of Maharashtra Deputy CM Ajit Pawar, who was laid to rest with full state honours today in Baramati. On the sports front, the Indian cricket team is currently battling it out in a crucial T20I series against New Zealand, with fans eagerly watching the 4th encounter.