India better off inside trade deals than out


Economic targets: Customers buying tomatoes at a wholesale market in Navi, Mumbai. India’s contribution of trade to its growth acceleration over the years has been small and is decreasing. — Reuters

INDIAN policymakers have traditionally scorned advice from overseas, especially from multilateral agencies such as the World Bank.

Suggestions from the latter’s most recent India Development Update are therefore likely to be ignored.

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India , trade , RCEP , growth

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