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India and European Union are crucial players of international relations. It is interesting and enriching to study the diversity and vastness of these two cultures; their common interests and areas of conflict. This book deals with the way the relationship between these two cultures, their issues and conflicts have evolved and progressed over the years with respect to trade, economy, policies and programmes. EU condemns terrorism and organized crime as a global menace. It aims at pursuing a constructive dialogue on trade, investment and economic cooperation. This book is a comprehensive study of the developments that occurred in the era of Liberalization, Privatization and Globalization and also the trends that developed during this phase. LPG brought a welcome change in almost every sphere and allowed the nation to build new policies and programmes, develop ties with other nations and major actors of international politics because international society is based on the 'bargainingpower' and 'exchange relationship'.