The paper broadly examines the core trade interests of the EU and India, the content of the negotiations and outlines some key concerns of a potential deal for India in the areas of goods, services and investments, intellectual property rights and government procurement. The final content of a free trade deal between the two holds major implications for policy space, livelihoods and other public interest concerns for India. The objective of the paper is to highlight some of the key concerns of a potential FTA that deserve critical attention based on a wider political economical perspective.