FTAs building a new trade architecture for Viksit Bharat
Srinagar, June 16 -- Achieving the vision of a 'Viksit Bharat' requires sustaining a high rate of economic growth over the next two decades. India's massive domestic market is a vital engine for this growth, but relying on it alone may not be sufficient. To achieve globally competitive scale and true technological transformation, India is integrating deeply with the global economy through a network of Free Trade Agreements (FTAs). While WTO agreements provide the foundation for a rules-based global trading system, FTAs enable willing partners to pursue deeper integration in additional areas of interest, building on the WTO baseline. The 384 notified FTAs in force underscore their utility as critical drivers of economic integration and rul...
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