India Signs $100 Billion Trade Deal with European Nations, Aiming to Boost Economy and Create Jobs

• India signs $100 billion free trade agreement with European Free Trade Association (EFTA) members - Iceland, Liechtenstein, Norway, and Switzerland • Deal aims to boost trade, investment flows, supply chains, business opportunities and job creation
• India commits to reducing import tariffs on industrial products from EFTA countries • EFTA forecasts deal leading to $100 billion in investments and 1 million direct jobs in India over 15 years • India and EFTA members need to ratify agreement before it comes into effect, with Switzerland planning to do so by next year