Labour laws in India aim to protect employees and cover areas like wages, working conditions, and contracts. The legal system is influenced by WTO rules and protects intellectual property. Business regulations govern foreign exchange, licensing, trade, and taxes. India welcomes foreign direct investment due to factors like growth, infrastructure, and an English-speaking population. However, certain sectors like retail and agriculture restrict foreign ownership. Completing a free trade agreement between the EU and India faces challenges around intellectual property, pharmaceutical regulations, and political obstacles, but would increase bilateral trade and investment opportunities.