Jaishankar pointed to examples such as enhanced defence, security, and technology cooperation as evidence of this strengthening partnership.“We already see that happening, for example, in closer defence in security and technology cooperation. The bottom line is that the India-EU relationship is more important than ever before,” Jaishankar added. The minister also highlighted the increasing “intensive engagement” with the European Commission in recent years.India and the EU are two of the world’s largest economies, with shared synergies and vast trade and investment potential. The EU is India’s largest trading partner, while India ranks as the EU’s ninth-largest partner in terms of bilateral goods trade.According to the Delegation of the European Union to India and Bhutan, the total value of EU-India trade in goods reached €113.3 billion in 2023. The EU remains the primary export destination for Indian goods. In 2023, India exported €64.9 billion worth of goods to the EU, while importing €48.4 billion from the EU, resulting in a trade surplus of €16.5 billion for India.
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