The main objective of this research and study is to understand the European interest in Indian market and possible economic relations with India. In the introduction part, author explains that how India is Important for European Economy in the age of globalization when many European countries are facing economic crisis. Author characterized the two continents as indispensable pillars of a new multi-polar world order where both the countries have the will and capabilities to make meaningful contributions to meeting the challenges of managing global interdependence. Subsequently, Author explains the possibilities for strong geo-political underpinnings for India and EU to work together and address many global issues.

Key words: India, European Union, economy, interest, cooperation and globalization.