1. Agriculture and Dairy Beneath Stress
Agriculture helps over 40% of India’s workforce, however most farmers function on small plots with minimal assist. In distinction, the EU spends over €55 billion yearly subsidizing its industrial-scale farms underneath the Widespread Agricultural Coverage.
If India agrees to open its markets to EU agricultural merchandise, home producers, particularly within the dairy sector, could not survive. India’s cooperative dairy mannequin (like Amul) may very well be threatened by an inflow of low cost European cheese, butter, and milk powders, risking earnings safety for hundreds of thousands of small farmers.
2. Reasonably priced Medicines at Threat
India is a lifeline for international public well being, supplying 20% of the world’s generic medication and over 60% of UNICEF’s vaccines. But, the EU continues to push for stricter mental property protections, akin to patent time period extensions and information exclusivity.
These provisions might delay the manufacturing of generic medicines, elevating costs by as much as 50 instances, in keeping with Médecins Sans Frontières. Such adjustments couldn’t solely hurt Indian shoppers but additionally hundreds of thousands in growing nations that depend upon India for inexpensive therapies.
