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Spain India Deepen Economic Ties Amid Global AI Rivalry

Bloomberg Markets •
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Spain and India agreed to strengthen their economic and technological cooperation during a bilateral meeting between Prime Ministers Pedro Sánchez and Narendra Modi. The announcement follows heightened global competition in artificial intelligence, signaling a strategic alignment between the two nations. Spain-India Economic Partnership aims to boost trade, investment, and joint research initiatives, particularly in emerging technologies like AI and renewable energy.

Both governments emphasized expanding digital infrastructure and cybersecurity collaboration to foster innovation and economic growth. AI collaboration between Spanish tech firms and Indian startups is expected to accelerate, creating new market opportunities and supply chain synergies. This move positions Spain as a key partner for India in navigating technological advancements and geopolitical shifts in global trade.