Always felt opting out of RCEP was a mistake. The condition of the economy as it now appears after 28th February is the result of conscious policy choices made – in several cases, NOT made – over the last twelve years. Make in India not succeeding, sluggish manufacturing exports, directly linked to protectionism, high import tariffs, not undertaking serious reforms, power sector for example.
Although the title said “how”, the body contains what and where, not “how”. What Vietnam is exporting is the imported Chinese goods.
Always felt opting out of RCEP was a mistake. The condition of the economy as it now appears after 28th February is the result of conscious policy choices made – in several cases, NOT made – over the last twelve years. Make in India not succeeding, sluggish manufacturing exports, directly linked to protectionism, high import tariffs, not undertaking serious reforms, power sector for example.