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Hardeep S Puri: India's trade policy imperatives

The government has no choice but to take a good hard look at the implications of regional trade agreements and other global trends

Hardeep S Puri 

Hardeep S Puri On the eve of its second anniversary in office, the government faces choices in the area of trade policy no less important and problematic than those in the area of foreign and security policy. India accounts for 2.1 per cent of global trade. International trade, however, accounts for nearly 50 per cent of India's GDP. Exports have fallen for 15 consecutive months. Apart from domestic factors that have inhibited the revival of India's manufacturing sector, India's multilateral trade policy negotiating stance is viewed by our trading partners as inward looking and ...

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