Last Updated:January 27, 2026, 18:17 IST The agreement requires detailed legal scrubbing and review by both India and the EU before it can be formally ratified. Prime Minister Narendra Modi poses for a photograph with European Commission President Ursula von der Leyen (R) and European Council President Antonio Costa. (AFP photo) India and the European Union on Tuesday announced the conclusion of a historic “mother of all” trade deal, creating a free trade zone covering two billion people. The announcement came during a summit in New Delhi, where Prime Minister Narendra Modi hosted European Commission President Ursula von der Leyen and European Council President Antonio Costa. “We have concluded the mother of all deals. We have created a free trade zone of two billion people, with both sides set to benefit,” von der Leyen said, adding that the partnership will continue to grow stronger in the coming years. The long-awaited free trade agreement (FTA), first launched in 2007 and resumed in 2022, is expected to significantly boost bilateral trade, which reached about USD 136 billion …