India, Jan. 27 -- The India-European Union Free Trade Agreement (FTA) is expected to significantly deepen economic ties, with Indian exports to the EU projected to rise by Rs.6.4 lakh crore, officials said. The deal is set to widen market access across sectors, benefiting smaller industry, farmers, students, and skilled professionals by easing tariffs and regulatory barriers.

By eliminating tariffs across 9,425 product lines and improving regulatory access, the agreement opens new opportunities for labour-intensive sectors such as textiles, apparel, leather, gems and jewellery, handicrafts, and agriculture exports including tea, spices, and marine products, according to information received from people familiar with the details.

At the ...