♤ In 2015, the trade balance in goods was in India’s favour by €1.3 billion ($1.44 billion).

♤ India’s bilateral trade with the EU28 during the first eight months of 2016 (Jan-Aug 2016)

stood at €51.2bn with India’s exports valued at €26.6bn and India’s imports from the EU at

€24.6bn.

♤ EU bilateral trade in services was €27.7billion ($30.75 billion) in 2015 comprising Indian exports of services to the EU worth € 13.67billion ($15.17 billion) and Indian imports from the EU worth €14.03billion ($15.58 billion).

♤ India received around US$ 83 bn FDI flows from Europe during 2000-17 constituting approximately 24% of the total FDI inflows into the country during the period makeing it one of the largest source of FDI.

♤ India and the EU are in the process of negotiating a bilateral Broad-based Trade and Investment Agreement (BTIA) since 2007.

♤ As of late, both sides are discussing the modalities of resumption of BTIA talks on a fast track.