India Finalizes Trade Deals with EU and US, Boosting Global Trade Position

India has successfully concluded significant trade agreements with the European Union and the United States in early 2026. According to NS3.AI, these agreements are set to substantially lower tariffs and expand market access, marking a crucial development in India's global trade strategy. The deals are expected to enhance export opportunities and increase trade volumes with these major economic entities. Despite the positive outlook, the agreement with the United States has faced criticism due to its asymmetric terms and substantial procurement commitments. This has raised concerns about India's leadership role within the BRICS group, as the terms may complicate its position. Nonetheless, these trade deals represent a strategic shift for India, aiming to strengthen its economic ties with key global partners.