The India–EU Free Trade Agreement (IEUFTA), finally signed in January this year, has been billed as the “mother of all deals” by European Commission President Ursula von der Leyen. European Council President António Costa similarly hailed it as an agreement “of historic importance” and “one of the most ambitious ever concluded”. While the IEUFTA is undoubtedly a significant undertaking, the political spin surrounding it warrants scepticism. Hyperbole rarely does justice to reality. The goods The IEUFTA significantly strengthens potential economic links between two of the bigger economies in the world. An ascending one and a declining one. In 2015, the…

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