With reference to the India-EU Free Trade Agreement and India's economic outlook, consider the following statements: 1. The India-EU Free Trade Agreement is expected to triple trade by early 2027. 2. The agreement is expected to particularly benefit the services and technology sectors. 3. India is predicted to become one of the world's four largest economies in the next 50 years. Which of the statements given above is/are correct?

Muñiz: Companies Missing India Will Miss 21st Century Growth

GS2Polity · Governance · IR· India's bilateral relations· Prelims· 29 September 2026

Economic integration and trade liberalization: a GS2 International Relations and GS3 Economy case study.

Why in news

Manuel Muñiz, former Secretary of State for Global Spain, stated that companies missing India's growth will miss a significant part of the 21st century, highlighting the India-EU Free Trade Agreement's role.

Background

Manuel Muñiz, former Secretary of State for Global Spain and Rector of IE University, predicted India will be one of the world's four largest economies in the next 50 years. He noted the India-EU Free Trade Agreement is expected to double trade by early 2027, specifically benefiting services and technology.

Facts for Prelims

FactIndia-EU Free Trade Agreement is expected to double trade by early 2027
FactIndia is predicted to be one of the world's four largest economies in the next 50 years
FactThe India-EU Free Trade Agreement is expected to particularly boost services and technology sectors

Prelims practice question

With reference to the India-EU Free Trade Agreement and India's economic outlook, consider the following statements:

The India-EU Free Trade Agreement is expected to triple trade by early 2027.
The agreement is expected to particularly benefit the services and technology sectors.
India is predicted to become one of the world's four largest economies in the next 50 years.

Which of the statements given above is/are correct?

(a)1 only
(b)3 only
(c)2 and 3 only
(d)1, 2 and 3

Show answer

Answer: (c) 2 and 3 only — Statements 2 and 3 are correct. Statement 1 is incorrect: The note states it is expected to double trade, not triple.

For Mains

Q. Discuss how the India-EU Free Trade Agreement can serve as a catalyst for India's ambition to become a top-four global economy.

Dimensions to cover in your answer

Sectoral synergy: Leveraging India's service and technology strengths to integrate into EU value chains
Trade liberalization: Reducing non-tariff barriers to facilitate seamless cross-border investment and technology transfer

Keywords: Trade Liberalization · Economic Integration · Service Exports · Strategic Partnership · Global Value Chains

Read the full news →Source: The Hindu ↗Also: GS3 · External sector, trade & FDI Also: GS3 · Growth, inflation & macro indicators

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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.