On 1 February India's Finance Minister, Nirmala Sitharaman, presented her annual budget for 2026–27, which generally received a favourable reception. “This budget reflects sustained policy continuity and a clearly articulated economic vision shaped by resilience, structural reform and measured responses to evolving global and domestic conditions,”1 notes KPMG in India Union Budget 2026–27. The resulting deal was announced at the 16th India-EU Summit by India’s Prime Minister Narendra Modi and European Commission President Ursula von der Leyen.4What do its terms mean for Europe and India? Chintan Shah, Deutsche Bank’s Head of Corporate Bank Asia Pacific and Middle East, Deutsche Bank added, “In a rapidly shifting global landscape, the India-EU FTA is a landmark commitment to deeper partnership and long term, rules based growth. Freer trade unlocks capital – and India’s ambitions will require global investment at scale.”

Source: The Hindu February 11, 2026 18:13 UTC