PM Modi's free trade push could lead to $140 billion GDP gain for India
· economictimes.indiatimes.com
A more protectionist US could unexpectedly benefit India as New Delhi expands its free-trade agreements (FTAs) to diversify export markets and attract investment. A World Trade Organization-based model estimates that Indias concluded and proposed trade deals, including agreements with the EU and New Zealand, could add about $140 billion to GDP by 2035, lifting it 1.7% above the baseline.
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First, we adjust bilateral tariffs using a stylized schedule that captures the key elements of the deals. India’s partners eliminate all tariffs ...