New Delhi, Jan. 30 -- The India-European Union Free Trade Agreement (FTA) is expected to have its most visible impact on the premium automobile segment, while also opening new growth pathways for other sectors.

Union Minister Piyush Goyal on Fridays said that European automobile manufacturers understand very well that manufacturing in India is more profitable, and this will eventually create more jobs in India. In an interaction with ANI, Goyal said, as we enter into international agreements with developed countries, India's vision of becoming a developed country moves closer to reality.

Speaking on the impact of the India-EU tariffs on the Indian automobile sector, the minister said, "The Indian auto industry is doing exceptionally wel...