FTA? Nothing free about it http://www.bilaterals.org/spip.php?article17351

There is a growing chorus of voices against the slew of Free Trade Agreements (FTAs) that India is lining up. In recent months, for instance, organizations of farmers, fish-workers, groups working on patent issues and trade and development NGOs have been protesting against the proposed FTA between the European Union and India.

The EU-India FTA could force India to open up its financial services sector to banks and other financial institutions in the EU, leading precisely to the kind of risky capital inflows into India and the attendant dangers that led to the global financial meltdown. With the EU insisting that all government procurement, which accounts for 13% of GDP in India, be opened up to EU companies as part of the FTA, it is likely to have far-reaching consequences on a wide range of sectors.