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Is RCEP good for Indian industry?

The country's own history shows that openness to trade builds a competitive industrial sector, boosts exports and promotes growth

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Illustration by Binay Sinha

Naushad Forbes
The Regional Comprehensive Economic Partnership (RCEP) brings together the 10 countries of the Association of Southeast Asian Nations (Asean), Japan and South Korea, Australia and New Zealand, and China and India.  These 16 countries account for over a third of the world's gross domestic product (GDP) and trade, and are collectively growing at a rate that is double the rest of the world. Negotiations for the RCEP have reached a critical point, with the Ministerial scheduled in Singapore this week. Is the RCEP good for India and for the Indian industry? How much latitude do we have in the remaining
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper