India was the first country in South Asia to establish diplomatic relations with the European Economic Community (EEC). Once, the country was one of the top beneficiaries of the EEC development assistance. However, this article traces the evolution of development policy with India and how the relationship has evolved between the two partners over time. Particularly, the discussion focuses on the development cooperation between the European Union (EU) and India from 1957 to 2020. A major shift took place in 2004 when the EU and India became strategic partners, and India is the only country from South Asia that has established a strategic partnership with the EU. The study also explores the founding principles of the relationship between both partners. The qualitative research method is applied here in the empirical setting to explain the crux of diplomatic relations and development cooperation. Likewise, we found here, through the latest results, that EU–India relations were established and strengthened in the past decade. The EU also concluded some trade negotiations, but the complete free-trade agreements (FTAs) are still in the dialogue phase.