After India and the European Union sealed the mega-sized Free Trade Agreement (FTA) in New Delhi on Tuesday, Prime Minister Narendra Modi highlighted the role of India and the EU in bringing stability in the world order. Track India-EU Summit 2026 updates Prime Minister Narendra Modi and European Commission President Ursula von der Leyen during the India-EU Business Forum, in New Delhi. (PMO) “There is turmoil in global environment; India-EU will provide stability to world order,” Modi said at a joint press meet with European Council President Antonio Costa and European Commission President Ursula von der Leyen, after the conclusion of negotiations for the India-EU FTA. Also read: India-EU FTA opens 97% tariff lines, zero duty for most exports by 2027 “This is not just a trade agreement. This is a new blueprint for shared prosperity,” Modi said, as he added that India has concluded the largest such agreement in its history, while Costa said the India-EU FTA is the most ambitious agreement ever concluded “for a (combined) market of 2 billion people”. Also read: …