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India's trade skeptics fail to consider the big picture

Strategy of hindering imports while seeking exports will not work

| India
Trade ministers of India and the U.K. during the launch of free trade agreement negotiations in New Delhi in January 2022: The exports of one country are always the imports of another.   © Reuters

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

For a country like India, free trade agreements can help businesses to overcome the limitations of a comparatively small domestic market and reap the benefits of economies of scale. FTAs can also catalyze inbound direct investment by companies seeking new export platforms.

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