The World Bank has urged India to reconsider its position on RCEP. Worries about China’s overcapacity and India’s struggles with previous FTAs had led to its withdrawal in 2019.
Govt think tank flags India’s skewed auto export mix, warns domestic focus and high tariffs are limiting its global footprint; also highlights how auto components are a bright spot.
Venezuela also boasts of a diverse portfolio of unmanned aerial vehicles capable of carrying out surveillance, reconnaissance and being employed for kinetic purposes as well.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
Irrespective of joining the RCEP or any other body, Indian manufacturing will never be competitive. The Indian consumer will continue to pay big money for shoddy Indian goods and the protected crony capitalist will be enriched.
India should join both RCEP and CPTPP. Vietnam is present in both. It has also concluded an FTA with the EU, something we have been struggling with for a decade. Instructive to compare its export graph with ours over the last ten years.
Irrespective of joining the RCEP or any other body, Indian manufacturing will never be competitive. The Indian consumer will continue to pay big money for shoddy Indian goods and the protected crony capitalist will be enriched.
People in comment taking about Vietnam in comment. Vietnam case is totally different from india.
Balanced article. Rather than hurry. India first need to boosting it’s own manufacturing sector.
And make them capable of global standards
India should join both RCEP and CPTPP. Vietnam is present in both. It has also concluded an FTA with the EU, something we have been struggling with for a decade. Instructive to compare its export graph with ours over the last ten years.