TS Lombard
January 28, 2026
EU Deal Reflects Modi's Trade Policy Pivot
Macro ThematicCommoditiesEquitiesMacro Economic IndicatorsConsumer DiscretionaryEnergy
India has signed a landmark trade deal with the EU to hedge against US trade frictions and is accelerating domestic reforms to spur growth.
Key Takeaways
- 1.India has signed a free trade deal with the EU to diversify trade risks as negotiations with the US remain stalled over agricultural and energy disputes.
- 2.The government is rolling back non-tariff barriers, specifically Quality Control Orders (QCOs), which were found to hurt manufacturing and disrupt supply chains.
- 3.India is pivoting away from Russian oil, with purchases reaching a two-year low in December 2025.
Table of Contents
- India - Chart Story
- EU DEAL REFLECTS MODI'S TRADE POLICY PIVOT
- Disclaimer
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Authors
Shumita Deveshwar
Themes
Economic LiberalizationTrade Diversification
Regions
EuropeAsia PacificNorth AmericaIndiaUnited StatesRussia
