Context
As per a recent update, talks for free trade agreements (FTAs) are going on with Australia, UAE, GCC (Gulf Cooperation Council), European Union, Israel, and the UK.
Background
Analysis
What is Free Trade Agreement (FTA)?
What is India’s engagement in FTAs?
Major FTAs
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FTA between India and US
What is India’s approach towards FTAs?
Challenges
What measures are required?
The road ahead
Currently, India’s economic conversation with the world needs a reboot and it can be brought by shifting its approach to bear in some of its crucial FTAs negotiations.
It is now likely that India would work through balanced, fair, and equitable FTAs so that both sides benefit and jobs are created in India, and business opportunities are available for our small, medium, and micro-industry.
Verifying, please be patient.