Anant Goenka On India-EU Trade Deal: $6 Trillion Opportunity & Employment Boom Ahead

In this exclusive interview, Anant Goenka, Vice Chairman of RPG Group and President of FICCI, discusses the historic India-EU Free Trade Agreement with Siddharth Zarabi, Group Editor, Business Today. He explains how this $6 trillion import opportunity represents only 3% of India's current share, highlighting massive export growth potential. Goenka emphasizes benefits for labor-intensive sectors like textiles, leather, footwear, and apparels, which will create significant employment. He addresses concerns about automotive imports, asserting Indian manufacturers are globally competitive and ready. With 6,000 European companies already operating in India, the deal will boost FDI inflows. Goenka highlights the complementarity—India offers manufacturing base while EU provides high-tech products, wines, and spirits. He also discusses services benefits including visa mobility for 1 million Indian-origin people in EU, marking India's transformed trade policy approach.