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    Are free trade agreements benefiting India?

    Synopsis

    India should focus on developing new trade strategies as the preferential FTA route has not benefited the country as expected.

    Free trade agreements (FTA) have been among the popular trade tools for many countries, with over 350 agreements currently in existence globally. While several nations have gained from these deals, many like India are yet to see any reasonable rise in exports despite being signatories to several such pacts for years.India has signed 13 FTAs with economies such as Japan, South Korea, Mauritius, the UAE, Australia, and countries in the Association
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    The Economic Times