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Why Is India Allergic To Ambitious Free Trade Agreements?
American firms need an exit strategy from China and are imploring India to liberalise its trade regime and consider a U.S. FTA.
26 Sep 2019, 04:28 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![U.S. President Donald Trump accompanied by Prime Minister Narendra Modi at the G7 summit, in Biarritz, France, on Aug. 26 2019. (Photograph: PTI)](https://media.assettype.com/bloombergquint%2F2019-09%2F2111c73e-395d-4040-9612-947aa2fcd9ba%2FPTI_Donald_Trump_accompanied_by_PM_Narendra_Modi_speaks_during_a_bilateral_meeting_at_the_G_7_summit.jpg?rect=0%2C0%2C5406%2C3041&auto=format%2Ccompress&w=200)
U.S. President Donald Trump accompanied by Prime Minister Narendra Modi at the G7 summit, in Biarritz, France, on Aug. 26 2019. (Photograph: PTI)
India belongs to the caste of the world’s foremost emerging economies, the BRICS. But, because of its allergy to join any free trade agreement that is ambitious, India is an outcast among the BRICS. This allergy prevents India from achieving what both Prime Minister Narendra Modi and President Donald Trump could rightly call “the deal of the century” – an Indo-American FTA.
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