India and Europe to expand business ties

India and Europe to expand business ties India has emerged as one of the strongest economies after the world-wide recession, and has very good forecasts for the GDP growth as well. The world also has faith in the Indian economy as developed nations like US and Europe has been keen on trade partnerships.

The European Union comprising o 27 nations is looking forward for a trade deal against India. The deal is expected to boost trade and investment business between the 2 nations as the deal is worth more than 100 billion euros, which will be huge by India's point of view in establishing itself as trade major among the world nations.

European nation sees a lot of potential in the Indian middle class market in the field of Automobiles, fashion and luxury goods and will look forward to export these items.

The broad-based investment and trade agreement (BITA) has been initiated by both nations and will look for mutual benefits said Manmahon Singh who is in Belgium for this conference. The deal is not yet finalized as one of the clauses of immigration for people of India in Europe, is yet to be worked upon from European view.