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India Is Better Off Inside Trade Deals Than Out
If the country hopes to offer an alternative to China in global value chains, it first needs to participate in them.
09 Sep 2024, 10:58 AM IST
(Bloomberg Opinion) -- Indian policymakers have traditionally scorned advice from overseas, especially from multilateral agencies such as the World Bank. Suggestions from the latter’s most recent India Development Update are therefore likely to be ignored.That would be a mistake. The report’s primary recommendation, that India reconsider its pessimism about plurilateral trade deals, deserves a sympathetic hearing.The Bank’s concerns ...
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