India’s gains from the trade pact could be material over the medium term. Exports to the EU, which currently make up over 17% of India’s total overseas shipments, could rise by 5% to 7% within this decade, said Radhika Rao, a senior economist at DBS Bank. That would lift the bloc’s share of India’s exports above 20%, potentially overtaking the US, which currently accounts for over 18%.
