New trade strategy could help India shift from 'no' to 'yes' in deals

Quick Summary:

The deal that New Delhi signed with the Association of Southeast Asian Nations in 2011 left a particular scar: Imports from Asean have grown much faster than exports from India to the bloc.

The potential gains from new markets are rarely considered — perhaps because, deep down, the bureaucracy doesn’t believe that Indian entrepreneurs have the nous to turn new free-trade agreements into attractive export opportunities.

Indian officials still tend to think of trade as a zero-sum game, with tariffs as the only real levers.

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Article Details

Category: BusinessFinance

Markets: IndiaAustralia

Topics: Indian trade Free trade agreement Free trade Indian trade policy FTA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 07:36:02 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 737 words

Reading Time: 5 minutes read

Sentences: 41 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23387118

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