World Confident of Stability After India’s Trade Deals with EU, U.S., Says PM Modi
New Delhi, February 5, 2026: Prime Minister Narendra Modi on Thursday said that the global community is viewing India with renewed confidence following the country’s landmark trade agreements with the European Union and the United States. Addressing the Rajya Sabha during the discussion on the Motion of Thanks to the President’s Address, the Prime Minister described the recent economic engagements as a turning point for India’s growth story and its role in the emerging world order.
Mr. Modi emphasized that India is rapidly positioning itself as a reliable and future-ready economic partner. “India is signing future-ready trade deals with several nations. In the last few days, we have signed trade deals with nine major countries, including the ‘mother of all deals’ with the 27-nation bloc of the European Union,” he said, underlining the scale and significance of these agreements.
According to the Prime Minister, the India-EU trade pact is among the most comprehensive economic arrangements the country has ever entered into. It is expected to open new markets for Indian goods and services, strengthen supply chains, encourage technology transfers, and generate employment opportunities. The agreement with the United States, he added, has further reinforced India’s credibility as a stable and trusted global partner.
“When the trade deal with the European Union took place, the world became more confident of stability. After the trade deal with the U.S., the world has still more confidence. This is a good sign for the global economy and for India’s future,” Mr. Modi remarked.
Focus on Viksit Bharat
The Prime Minister linked these developments to the broader vision of Viksit Bharat—a developed India by 2047. He asserted that the nation must continue moving forward without hesitation. “India does not have to look back or stop. Our only path is to move ahead with determination to achieve the goal of a developed nation,” he said.
Mr. Modi also referred to the President’s Address to Parliament, which expressed optimism about India’s economic trajectory, technological progress, and social transformation. He stated that the government’s policies are aimed at empowering every section of society while strengthening India’s global standing.
Political Exchange in the House
The Prime Minister’s speech took place amid noisy scenes in the Rajya Sabha, with Opposition members raising slogans. Taking a swipe at the Congress leadership, Mr. Modi said that those who governed the country for decades would one day have to answer for their past actions.
“A large part of my energy has gone into correcting the mistakes made by previous Congress-led governments,” he said, drawing sharp reactions from Opposition benches. He also made a light-hearted remark directed at Leader of Opposition Mallikarjun Kharge, suggesting that he could continue raising slogans while seated.
Soon after, Opposition members staged a walkout, accusing the government of ignoring pressing domestic issues such as inflation, unemployment, and social welfare.
Global Implications of the Deals
Economic experts believe that the recent trade agreements could significantly boost India’s exports in sectors such as information technology, pharmaceuticals, textiles, renewable energy, and agriculture. The India-EU pact, in particular, is expected to ease tariff barriers and align regulatory standards, giving Indian businesses greater access to one of the world’s largest markets.
Similarly, the agreement with the United States is being seen as a strategic move to deepen cooperation in critical technologies, defence manufacturing, clean energy, and digital infrastructure. Analysts say these partnerships will help India attract foreign investment and integrate more deeply into global value chains.
Government sources maintain that negotiations are also underway with several other countries in West Asia, Africa, and the Indo-Pacific region, reflecting India’s ambition to emerge as a global economic hub.
Looking Ahead
Concluding his address, the Prime Minister reiterated that India’s rise is no longer just a national aspiration but a global expectation. “Today the world sees India as a pillar of stability and growth. Our trade agreements are not only about economics; they are about trust, partnership, and a shared future,” he said.
As Parliament continues its Budget Session, the government is expected to present further details on how these trade deals will be implemented and how domestic industries will be supported to take full advantage of the new opportunities.
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