“Everyone wants to do an FTA with India due to rapidly growing market: GTRI”, Business Standard, January 2, 2024:
“Countries ranging from large economies like Europe, and the UK to smaller ones, including Oman and Peru, want to have a free trade agreement with India due to the country’s large and rapidly growing market, a report by economic think tank GTRI said.
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The Global Trade Research Initiative (GTRI) said that by implementing a trade deal (FTA) with India, countries can access the Indian market with less or no import duties on substantial trade. This gives their companies an advantage over others in selling to the Indian market.
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Additionally, since India currently does most of its importing (over 75 per cent) from countries it does not have FTAs with, these agreements are particularly appealing as they offer a significant new market opportunity in India……”
Read the full article at Business-standard.com
