India EFTA Trade Deal to Launch on October 1, Expected to Create 1 Million Jobs and Attract $100 Billion FDI

India has made it clear that the India EFTA Trade Deal will go live on October 1, 2025. This Trade and Economic Partnership Agreement (TEPA), which was signed on March 10, 2024, concerns EFTA countries: Iceland, Liechtenstein, Norway, and Switzerland.

Single-Window Desk Set Up for Smooth Implementation

Union Commerce Minister Piyush Goyal affirmed the launch and disclosed that there is an establishment of a Dedicated India-EFTA Desk. The reasonable platform will serve as a one-window coordination in the governing and private sectors that will pave the way for EFTA-based companies to invest in the growing economy of India.

$100 Billion FDI Target & 1 Million Jobs in the Pipeline

India hopes to attract $100 billion in FDI in the next 15 years under the India EFTA Trade Deal and $50 billion in the initial 10 years. The agreement is also expected to provide 1 million new employment opportunities, with the condition that India would have to sustain a 9.5% growth rate on GDP in dollar terms.

Strategic Benefits for Both India and EFTA Nations

It is one of the most extensive trade arrangements in India, according to which Indian exporters have access to high-quality European markets, and EFTA countries can enter the Indian economy, which is flourishing. The agreement is pledging technology innovation, the creation of employment, and further linkages between the economies of India and Europe.