First India–EU Business Forum in New Delhi held alongside 16th EU-India Summit

The Prime Minister addresses the first India–European Union Business Forum in New Delhi. The forum takes place during the 16th EU India Summit, with stated focus on India EU economic partnership and trade and investment collaboration.

India–European Union Business Forum:

Dimension	Key Details
Nature	An international forum that brings together Indian and European business leaders, policymakers and institutional representatives.
Held alongside	The forum occurs during the 16th EU India Summit.
Launched in	2026.
Purpose	Strengthening India–EU economic partnership and promoting trade, investment and business collaboration.
Objectives	Supports the India–EU FTA, strengthens cooperation in trade, manufacturing, R&D and services, and promotes trusted, resilient supply chains.
Vision	Whole of society partnership; provides for making India and the EU a double engine of global growth.
Priority cooperation areas	Focuses on de-risking supply chains in EVs, batteries, semiconductors and APIs; advancing strategic technologies (defence, space, telecom, AI); driving the green transition (hydrogen, solar, smart grids); and exploring nuclear cooperation on small modular reactors.
Partnership features	Alignment between the world’s two largest democratic powers; shared commitment to market economy, openness and global stability.
Economy size	India is the 4th largest economy and the EU is the 2nd largest economy; together they account for 25% of global GDP.
Free Trade Agreement status	The India–EU Free Trade Agreement at the 16th India–EU Summit concludes in 2026.
FTA partner count	EU becomes India’s 22nd FTA partner.
Bilateral trade	The EU is India’s largest goods trading partner with bilateral trade of USD 137.41 billion (2023–24).