Snapshot 5:Tue, Jan 27, 2026 12:44:09 PM GMT last edited by Vandita

India-EU Finalize Historic Free Trade Deal After 20 Years

Published 1 day ago

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Above: President of the European Council Antonio Costa (L), India's Prime Minister Narendra Modi (C) and European Commission President Ursula von der Leyen in New Delhi, India, on Jan. 27, 2026. Image credit: Prakash Singh/Bloomberg/Getty Images

The Spin

This deal representssignifies Europe's surrender from a position of extreme weakness after deliberately destroying its industrial base through energy self-sabotage and regulatory overload. Manufacturing, jobs, and industrial know-how will shift east, while Europe becomes irrelevant as a producer, left only consumingto consume what it no longer makes. Free trade between unequal partners accelerates collapse, not balance.

Laura Aboli on X

The India-EU agreement unlocks unprecedented market access with over 99% of Indian exports gaining preferential entry, creating massive opportunities for workers, artisans and small businesses across labor-intensive sectors. This strategic partnership between the world's 4th and 2nd largest economies positions both regions for inclusive, resilient growth through balanced commitments in goods, services and mobility.

PIB India

European Commission on X

Narendra Modi on X

Metaculus Prediction

There's a 4% chance that the U.S. and the EU (or one of its member states) will cut diplomatic ties before 2051, according to the Metaculus prediction community.