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Key Points

4 points
1

India and the European Union signed a free trade agreement after 17 years.

2

The deal focuses on sharing technology and making things locally.

3

Artificial intelligence will be used to improve factories.

4

Foreign companies are encouraged to work together with Indian makers.

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Summary

They will help each other make things in their own countries.

New computer brains called artificial intelligence will help factories work better.

Small businesses can grow faster with this help.

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New Words to Learn

7 words
free trade agreement
A promise between countries to buy and sell things without extra taxes.
European Union
A group of many countries in Europe that work together.
technology transfer
Sharing new ideas and machines with another country.
artificial intelligence
Smart computer programs that can think and help do jobs.
manufacturing
Making things in factories.
joint venture
When two companies team up to make something together.
global standards
Rules that many countries agree on for how good a product should be.
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