In simple terms, the shutdown slows down the movement of goods, increases uncertainty, and creates bottlenecks in supply chains. International buyers and importers face delays and higher costs, prompting them to seek alternative sourcing options.

India and the European Union have officially agreed on a comprehensive Free Trade Agreement (FTA), described by Prime Minister Narendra Modi as the “mother of all trade deals.” Once implemented, this agreement will gradually make up to 96% of trade between India and the EU tariff-free, covering goods, services, investments, and skilled mobility.