India, Oct. 1 -- The Prosperity Summit in New Delhi marked the entry into force of the India-EFTA Trade and Economic Partnership Agreement (TEPA).

The agreement includes an investment objective of USD 100 billion over 15 years and facilitation of creating one million direct jobs in India, while providing wider goods and services access across Switzerland, Norway, Iceland and Liechtenstein, read a statement issued by the Indian government.

"India's economic trajectory as the world's fastest growing large economy towards becoming the world's third-largest economy would create a strong foundation for prosperity," the statement said.

He described the agreement as a defining moment in India's economic engagement with Europe, stating that it...