India–EU Free Trade Agreement to Boost Pharma and Medical Devices Sector

India and the European Union have concluded negotiations for a Free Trade Agreement, marking a key milestone in their strategic economic partnership. The FTA opens access to the $572.3 billion EU pharmaceuticals and medical devices market, supporting Indian industry growth, MSME participation, job creation, and global supply chain integration. Union Minister Shri J.P. Nadda said the agreement will accelerate high-value sector growth and strengthen India’s position as a trusted global partner in healthcare and manufacturing under the vision of Viksit Bharat 2047.