New Delhi, Jan. 27 -- Prime Minister Narendra Modi on Tuesday announced the signing of the India-EU Free Trade Agreement (FTA), saying it accounts for 25 per cent of global GDP and one-third of global trade.

Addressing the Indian Energy Week virtually, Modi congratulated all on the EU-India trade deal and said, "I am informing you about a big development . a significant agreement was signed between India and Europe yesterday (Monday)."

People are discussing it as a "mother of all deals", and this agreement has brought a lot of opportunities for 140 crore Indians and crores of Europeans, he said.

"This is an excellent example of coordination between two economies of the world. This agreement represents 25 per cent of the global GDP and ...