India and European Union: Perceptions, Narratives and Prospects

India has a multi-dimensional relationship with the European Union (EU), its largest trading partner, a major source of foreign direct investment (FDI), an important source of technology, and home to a large Indian diaspora. India no longer regards the EU as a mere trading block, but as an increasingly important political action world politics with a growing profile and presence. After independence, the Government of India took a keen interest in the Common Market from the moment it was first formed, largely because of trade concerns even though there was meagre trade with the West Europe countries till 1957. Indian efforts to establish a new; post-colonial relationship with the European Economic Community(EEC) proved a challenging task since apart from the ‘associated’ overseas countries and territories of the Member States, the Treaty of Rome contained no references to the rest, of the Third World.