'India had significant issues of core interest that remain unresolved' MEA said.
Modi decided not to join the deal in order to protect service workers and farmers
The statement came days after PM Modi said a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all the partners
PM Modi is said to have stated that in its present form, the agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP
Sources also added that overall, we are clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all partners in the negotiations.
Asserting that "Make in India" has become "Buy from China", Congress leader Rahul Gandhi on Monday hit out at the RCEP and alleged that the proposed free trade deal will flood the country with cheap goods, resulting in millions of job losses and crippling the economy. Gandhi's takedown of the proposed trade agreement came as Prime Minister Narendra Modi was in Bangkok where negotiations for the long-overdue Regional Comprehensive Economic Partnership (RCEP) was heading towards finality. "'Make in India' has become 'Buy from China'. Each year we import Rs. 6,000 worth of goods from China for every Indian! A 100 per cent increase since 2014," the former Congress chief said in a tweet. "RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy," Gandhi said. His remarks come two days after Congress president Sonia Gandhi launched a blistering attack on the government's economic policies and said signing the RCEP agreement will deal a ..
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
New demands from India have left RCEP officials scrambling to salvage progress
Deadline set to be extended by a few months
OCI card holders can enrol for NPS; 1,000 youth from Asean nations to get post-doctoral seats in IITs
On India-ASEAN summit, Modi said the focus will be on deepening economic partnerships
Bloomberg News reported this week that India made last-minute demands after it earlier agreed to terms of a deal
If finalised, the RCEP deal will facilitate creation of the biggest free-trade region in the world
Amul Managing Director RS Sodhi told PTI he had a discussion with Goyal on RCEP on Wednesday
Technically, India will have time till the end of February 2020 to sort out bilateral market access issues
Addressing a state consultation workshop on Make in India, the minister said India would enter into any FTA or comprehensive partnership on its own terms
From RCEP deal to P Chidambaram's custodial interrogation, here are the top news developments that made headlines today
Modi has long sought to portray himself as both a reformer and a global statesman. A bold decision would not only shore up his reputation , it would point India in the direction of recovery
RCEP deal had been facing 'increasing' resistance from domestic industry, farmer groups, civil society organisations and opposition political parties
Here's a selection of Business Standard opinion pieces for the day