The Hindu·4 min read·medium
A trade deal that tests India’s competitive confidence
V
V. Anantha Nageswaran
✦AI Summary
The new India-UK trade agreement is expected to boost Indian exports by eliminating tariffs on labor-intensive goods like textiles and footwear. It also aims to improve the competitiveness of India's generic pharmaceutical industry in the British market.
A trade agreement is usually sold on its potential for export facilitation. Its deeper worth often lies in what it obliges the country to import. The Comprehensive Economic and Trade Agreement between India and the United Kingdom, which came into force earlier this month, is a good agreement on the first count. It may prove an even better one on the second.
economybusiness
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