Now Father of Deals after Mother of Deals
India is moving swiftly to strengthen its global trade footprint, with the proposed India–US trade agreement emerging as the next big milestone after the recently concluded India–European Union Free Trade Agreement (FTA).
Commerce and Industry Minister Piyush Goyal has expressed confidence that the India–US pact, which he described as the “Father of All Deals,” could be wrapped up soon as negotiations are progressing in a positive direction.
According to Goyal, the India–US trade deal is expected to play a crucial role in expanding market access for Indian products, accelerating exports, and supporting the country’s long-term goal of achieving USD 2 trillion in exports by 2032.
The government sees the agreement as a strategic step to deepen economic ties with the United States, one of India’s most important trading partners.
This push comes close on the heels of the India–EU FTA, often referred to as the “mother of all deals.”
The agreement is projected to significantly boost India’s exports to Europe, with estimates suggesting a doubling of shipments within five years of implementation.
A key highlight of the pact is that nearly 99 per cent of Indian exports will receive duty-free access to the European Union from the very first day.
India already maintains a healthy trade surplus with the EU, driven by strong performance in both goods and services.
Government data shows that in 2024–25, India’s goods exports to the EU stood at USD 76 billion, while services exports reached USD 46 billion, underlining the depth of the economic relationship.
Goyal has urged domestic industries to capitalise on these opportunities by investing more, expanding manufacturing capacities, and looking beyond the domestic market.
He emphasised that the EU agreement has been designed to ensure balanced benefits for all partners, creating long-term gains for both India and the 27 EU member states.
For consumers, the trade agreements promise tangible advantages.
Increased competition and lower import duties are expected to make products more affordable while offering a wider range of choices in the market.
With the “Mother of All Deals” already in place and the “father of all deals” on the horizon, India’s trade strategy appears firmly focused on growth, global integration, and shared prosperity.
Commerce and Industry Minister Piyush Goyal has expressed confidence that the India–US pact, which he described as the “Father of All Deals,” could be wrapped up soon as negotiations are progressing in a positive direction.
According to Goyal, the India–US trade deal is expected to play a crucial role in expanding market access for Indian products, accelerating exports, and supporting the country’s long-term goal of achieving USD 2 trillion in exports by 2032.
The government sees the agreement as a strategic step to deepen economic ties with the United States, one of India’s most important trading partners.
This push comes close on the heels of the India–EU FTA, often referred to as the “mother of all deals.”
The agreement is projected to significantly boost India’s exports to Europe, with estimates suggesting a doubling of shipments within five years of implementation.
A key highlight of the pact is that nearly 99 per cent of Indian exports will receive duty-free access to the European Union from the very first day.
India already maintains a healthy trade surplus with the EU, driven by strong performance in both goods and services.
Government data shows that in 2024–25, India’s goods exports to the EU stood at USD 76 billion, while services exports reached USD 46 billion, underlining the depth of the economic relationship.
Goyal has urged domestic industries to capitalise on these opportunities by investing more, expanding manufacturing capacities, and looking beyond the domestic market.
He emphasised that the EU agreement has been designed to ensure balanced benefits for all partners, creating long-term gains for both India and the 27 EU member states.
For consumers, the trade agreements promise tangible advantages.
Increased competition and lower import duties are expected to make products more affordable while offering a wider range of choices in the market.
With the “Mother of All Deals” already in place and the “father of all deals” on the horizon, India’s trade strategy appears firmly focused on growth, global integration, and shared prosperity.
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