India expects its proposed free trade agreement with the European Union to be a "game-changer" and is looking forward to a mutually advantageous conclusion to the negotiation process for the pact within a "short planned timeline", External Affairs Minister S Jaishankar said on Tuesday.

In an address at an event at the Confederation of Indian Industry (CII), Jaishankar also said that Europe and India can strengthen each other`s strategic autonomy by reducing dependencies, cooperating on critical technologies and ensuring supply-chain restructuring.