India and EU conclude FTA negotiations on financial services
The Finance Ministry announced on 28 January 2026 that India and the European Union have concluded negotiations on the financial services chapter of the India-EU FTA, finalised in the last round held on 6 January 2026.
Summary
India and the EU concluded negotiations on Financial Services in the India-EU Free Trade Agreement, finalised during the last round of negotiations on 6 January 2026. The chapter includes provisions on digital payments and fintech and aims to give an institutional and regulatory framework for market access and deeper integration of the two financial systems. Total India-EU services trade was about USD 83 billion in 2024; India exported USD 700 million of financial services to the EU and imported about USD 600 million.
Key facts
- Announced
- 28 January 2026 (Ministry of Finance)
- Finalised
- Last negotiating round, 6 January 2026
- Focus areas
- Digital payments and fintech
- India-EU services trade (2024)
- About USD 83 billion
- Financial services trade (2024)
- India exported USD 700 million; imported ~USD 600 million
Practice MCQs 2 questions
India and the EU concluded negotiations on financial services in the India-EU FTA. According to the Finance Ministry, total India-EU services trade in 2024 was around:
Show answer
Correct answer: C — USD 83 billion
PIB (Finance): in 2024, total services trade between India and EU is around $83 billion.
Consider the following statements about the India-EU FTA financial services chapter: 1. It was finalised during the last round of negotiations held on 6 January 2026. 2. It contains provisions on digital payments and fintech. 3. In 2024 India imported more financial services from the EU than it exported to the EU. Which of the statements given above are correct?
Show answer
Correct answer: B — 1 and 2 only
PIB: finalised on 6 January 2026 with innovative provisions on digital payments and fintech. India exported USD 700 million and imported about USD 600 million, so statement 3 is wrong.