India and the European Union are in the final stages of negotiating a Free Trade Agreement (FTA), which would be India's 19th such deal. The agreement aims to boost India's exports to the 27-nation bloc by reducing or eliminating tariffs, benefiting sectors like technology, pharmaceuticals, and textiles. This FTA is seen as a way to diversify Indian shipments, reduce dependence on China, and counter disruptions caused by high US tariffs. Both India and the EU anticipate gains in various industries and services.