Saturday, December 06, 2025 | 10:47 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

RCEP: If India wants to be a developed country, then does it have a choice?

If we believe it's time for India to transform itself into to a developed country, with the aspiration of a $ 5 trillion economy, then we ought to get over this protectionist mindset

RCEP
premium

RCEP

Mukesh ButaniTarun Jain
International diplomacy is not a zero-sum game. The principle holds equally good for geo-economics. It is now acknowledged by national finance ministers and central bank heads that ‘trade tensions’ are holding back growth.  In the midst of dramatic deceleration, Indian policy makers find themselves in a dilemma to address impact of global slowdown, internal growth challenges, having used most of the monetary and fiscal fire power to stoke demand. The attention is now on India’s approach towards FTA’s in general and, RCEP in particular. 

Can India set the agenda

The incumbent government - since the beginning of its first term - has
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