‘Mother of All Deals’ gets Moody’s nod

New Delhi: The India-EU free trade pact will be credit positive for India as lower tariffs and better market access will help attract foreign investment, boost manufacturing and export competitiveness of the labour-intensive sector, Moody’s Ratings has said. India’s conclusion of its trade negotiations with the EU reflects its continued efforts to selectively diversify trade relationships. “When in effect, the FTA will be credit positive, with lower tariffs and better market access supporting India’s ambition to develop its manufacturing sector, attract foreign investment, and strengthen the export competitiveness of its labour-intensive goods,” it said on Wednesday.