India must go beyond signing free trade agreements to reduce vulnerabilities amid today’s flux in global trade
· livemint.com
India’s exports have gained thanks to FTAs but imports of crude oil and critical inputs have surged faster, exposing us to geopolitical and energy price shocks. New Delhi must strengthen domestic manufacturing and reduce external dependence.
The failure of the Doha Round to achieve its original objectives, the rise of unilateral tariffs by countries such as the US, and the paralysis of the WTO’s d...