New Delhi, Jan. 28 -- The newly concluded India-European Union Free Trade Agreement (FTA) is set to unlock significant business opportunities for Micro, Small, and Medium Enterprises (MSMEs), marking a major transition in the country's economic landscape.

According to Ranjeet Mehta, CEO and Secretary General of PHD Chamber of Commerce and Industry (PHDCCI), the agreement provides Indian industries with a gateway to a massive USD 23 trillion economy.

The trade pact covers 27 countries within the European Union and is expected to act as a vital buffer for smaller businesses. Speaking to ANI, Dr Mehta said, "India-EU deal is a pivotal economic milestone. This opens the door for Indian industries to reach around a USD 23 trillion. The EU co...