India and the European Union are set to announce a historic free trade agreement by Tuesday, January 27 — already called the “mother of all deals.” The pact is expected to reshape trade, investment, and strategic ties between India and the 27-nation EU bloc. European Council President Antonio Costa and European Commission President Ursula von der Leyen attended India’s Republic Day Parade 2026, highlighting the growing partnership. NDTV’s Apurva Adhikari explains why the deal matters and its impact on global trade and geopolitics.