Claim
India has signed a free trade deal with the European Union, called the 'mother of all deals', and India-EU trade last year was ₹1,15,000 crore.
“भारत ने यूरोपीय यूनियन के साथ फ्री ट्रेड डील साइन कर ली है... भारत और यूरोपीय यूनियन के बीच बीते साल 115000 करोड़ का व्यापार हुआ है।”▶ Watch source segment
Rationale
A landmark India-EU FTA genuinely dubbed the 'mother of all deals' is real, but two specifics are wrong: (1) as of the 2 July 2026 broadcast the deal had only been *concluded/announced* (27 Jan 2026) and was awaiting legal vetting and ratification — formal signing was slated for mid-2026 in Brussels, so 'has signed' was premature; and (2) the trade figure is grossly understated — actual EU-India goods trade was about €120 billion (~₹11 lakh crore) in 2024, roughly ten times the ₹1,15,000 crore cited. The true core plus a materially wrong statistic and overstated legal status make the claim misleading.
Evidence
- https://ec.europa.eu/commission/presscorner/detail/en/ip_26_184 European Commission announced the EU and India *concluded* the FTA on 27 January 2026; the text still required legal vetting, translation, Council/Parliament approval and Indian cabinet approval before formal signing — i.e. it was agreed, not yet signed. ✓ reachable · archived
- https://en.wikipedia.org/wiki/India%E2%80%93European_Union_Free_Trade_Agreement Confirms the FTA was concluded 27 Jan 2026 and was described as the 'mother of all deals'; formal signing expected mid-2026 (Modi's Brussels visit) with entry into force by 2027 — so as of the 2 July 2026 broadcast it was not yet formally signed. ✓ reachable · archived
- https://policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/india_en EU official data: EU-India goods trade was ~€120 billion in 2024 (~₹11-12 lakh crore), plus ~€67bn services — roughly 10x the ₹1,15,000 crore the anchor cited. ✓ reachable · archived
- https://www.aljazeera.com/news/2026/1/27/india-eu-agree-on-mother-of-all-trade-deals Von der Leyen and India's trade minister publicly called the pact the 'mother of all deals' — that part of the claim is accurate. ✓ reachable · archived