India Wins $100 Billion Investment Pledge in EFTA Trade Deal
- Negotiations on free trade pact has been in works for 16 years
- India’s trade minister says 1 million jobs will be created
Prime Minister Narendra Modi’s government has accelerated trade talks with major trading partners to take advantage of the changing global world order.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
India and four European countries signed a free trade pact that will see $100 billion invested in the South Asian country over 15 years and a million jobs created, boosting Prime Minister Narendra Modi’s government weeks before the elections.