India and the European Union finished a big trade deal. It took almost 20 years. The deal will change how they trade. It also makes a strong security team. This is good because the world is changing.
The announcement was in New Delhi. It is a very important step. They want to be closer friends in business. They will make a place for free trade. This place will have two billion people. It will be a quarter of the world's money. EU sales to India will get big. India has a fast-growing economy.
This deal helps both sides. The EU wants to trade more. It does not want to only use the US or China. Working with India is good for the EU. India wants to be seen as open for business. It also wants more power in the world. The goal is more calm and success.
India will lower taxes on EU things. The EU will also lower taxes on India things. This will happen over seven years. EU car makers can sell more cars. India will lower taxes on wine and oil. Taxes on many things will go away. India will also get special access to sell to the EU.
But some markets are safe. India will protect its milk and grain. The new security team is also good. They want to keep the area calm. They will work on military things. They will also share secret news. This deal makes India and the EU much stronger. It will help businesses and shoppers.