New Delhi, Jan. 28 -- The National Association of Software and Service Companies (Nasscom) on Tuesday welcomed the India-European Union free trade agreement.

They calledit a major positive for India's technology services sector as it opens new markets in the 27-nation bloc and brings greater rules-based certainty amid geopolitical uncertainties, particularly in the US.

The industry body said the pact is expected to lower non-tariff barriers and ease cross-border service delivery.

With services forming the fastest-growing segment of both economies, Nasscom noted that the agreement would improve market access for Indian technology firms, supported by digital trade rules that balance business needs with privacy, security and public policy...