PM Modi Lauds India-EU Free Trade Agreement as Transformative 'Mother of All Deals'
At the Annual NCC PM Rally, Prime Minister Narendra Modi delivered an enthusiastic address, highlighting the India–European Union Free Trade Agreement as a monumental pact that will reshape global economic dynamics. He described it as the "mother of all deals", emphasizing its potential to create a transformative impact on India's growth trajectory and the world at large.
Boost for Indian Startups and Innovation Ecosystem
Prime Minister Modi detailed how the agreement, which encompasses 27 EU nations, will significantly benefit Indian startups. He pointed out that it will improve access to funding and enhance the innovation ecosystem, providing a much-needed boost to entrepreneurial ventures across the country. This move is expected to foster a more competitive and dynamic startup environment, aligning with India's vision of becoming a global innovation hub.
Empowering the Creative Economy and Youth
Modi also underscored the positive implications for India's creative economy, which includes sectors such as film, music, gaming, fashion, digital content, and design. He explained that the FTA will open up new avenues for creative professionals, allowing them to tap into European markets and collaborate on international projects. Furthermore, the Prime Minister highlighted that this agreement will create countless opportunities for young Indians in fields like education, research, information technology, and various professional services, empowering the next generation to thrive on a global stage.
Strengthening Global Confidence in Indian Skills
In his speech, Modi mentioned India's other Free Trade Agreements with countries such as Oman, New Zealand, the United Kingdom, the United Arab Emirates, Australia, and Mauritius. He emphasized that these pacts collectively will not only open up numerous opportunities for young Indians but also strengthen global confidence in their skills and values. By showcasing India's commitment to international trade and cooperation, these agreements aim to position Indian youth as key players in the global economy, ready to contribute with their expertise and ethical standards.
Overall, Prime Minister Modi's address at the NCC rally painted a promising picture of India's future through strategic trade partnerships, with the India-EU FTA at the forefront as a catalyst for youth empowerment and economic transformation.
