The India–EU free trade agreement reshapes global economics by deepening trade ties between two major markets and signaling a move toward more diversified, multipolar supply chains. It is expected to boost trade in manufacturing, services, and green technologies while reducing reliance on any single economic power, especially in Asia. The agreement also strengthens regulatory and standards alignment, which can influence global trade rules beyond the two partners. At the same time, its broader impact will depend on how well it balances market access with protections for labor, the environment, and small producers.