Without sufficient incentives, countries that have joined IPEF are unlikely to agree to high US-preferred standards in areas like digital economy and anti-corruption.
India's centrality in the Indo-Pacific trade architecture should have made New Delhi launch IPEF much before US President Joe Biden did. It can still be a rule maker.
Initial talks held on the possibility of India entering the programme that was started in 2017 between France, Germany and Spain to ensure European sovereignty in defence and security.
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