New Delhi, [India] January 28 (ANI): The long-awaited India-EU Free Trade Agreement (FTA), will mark a major shift in global trade realignment amid rising protectionism, according to a Goldman Sachs report.

The report highlights the scale of the pact, and said India and the EU together account for "~2bn people, ~25% of global GDP, and around one quarter of the world's population and trade"

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However, the report cautioned that the macroeconomic impact is likely to remain limited in the near term. According to the note, even a fully-fledged set of new EU trade agreements would raise EU gross exports by

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