Eco Survey calls for new trade roadmap for India amid rising protectionism

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Eco Survey calls for new trade roadmap for India amid rising protectionism - Business Standard

Quick Summary:

It also suggested that India should stop merely wooing FDI and instead focus on making itself more attractive to foreign investors.“For example, most sectors in the country are open to foreign investors under the automatic route.

The survey further said that an increased emphasis on free trade and enhanced collaboration in international trade policies have resulted in reduced border tariffs among nations.

On the brighter side, India can increase its share in overseas markets despite trade tensions if the government and the private sector focus on quality and efficiency.