India inks ‘watershed’ $100 billion free trade deal with four non-EU nations

India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics.

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India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion jobs for the world’s fifth-largest economy.

The trade deal with European Free Trade Association nations, not part of the EU, was inked ahead of the country’s general elections due in the next few months that may give Prime Minister Narendra Modi a third-straight term in office.

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