Making 'Proudly Made in India' a reality!
Steven Philip Warner | @TheDollarBiz It’s been more than a decade-and-a-half since India got caught in the Regional Trade Agreement (RTA) hysteria. RTAs (a parallel term used to describe Free Trade Agreements; FTAs), was born out of hope for reciprocity. Years later, we stand to realise that the expectations and imaginations of our many trade negotiators – responsible for 15 RTAs over the years – were skewed towards finding neverland! In the last decade (post which thirteen of the fifteen RTAs were signed), our exports to two dozen-plus RTA partners have increased by just 12.2% year on year – almost equal to the rate at which our exports to non-RTA geographies (11.8%) have grown. A couple of numbers will help make more ...
