India-EU slash tariffs on autos, spirits, textile in landmark deal

Core Insights - India and the European Union have finalized a long-pending landmark trade deal, indicating a strategic move to strengthen economic ties and reduce dependency on the U.S. market [1] Group 1: Trade Deal Significance - The trade deal is seen as a response to the unpredictable nature of relations with the United States, highlighting the importance of diversifying trade partnerships [1] - Both India and the EU aim to enhance their economic cooperation through this agreement, which is expected to open new markets and opportunities for businesses in both regions [1] Group 2: Strategic Implications - The finalization of the trade deal reflects a broader trend of countries seeking to establish more stable and reliable trade relationships amid global uncertainties [1] - This agreement may lead to increased investments and trade flows between India and the EU, potentially benefiting various sectors including technology, agriculture, and manufacturing [1]