There have been mixed reactions to India’s not signing on to the Regional Comprehensive Economic Partnership. India is often criticised for abstaining from trade agreements and being a protectionist nation, but in fact, the reverse is true. The country’s trade to GDP ratio of 43% is higher than China’s 38% and the U.S.’ 27%. This shows how important trade is for India, particularly if it wants to reach the 2024 goal of being a $5- trillion economy.
Researcher, Geoeconomic Studies Programme and Manager, Research Office, Gateway House
Purvaja Modak is a Researcher for Geoeconomic Studies Programme and Manager for the Research Office at Gateway House. She was a fellow at the 2nd G20 Global Leadership Programme 2019, hosted by the Korean Development Institute (KDI) and the Korean Ministry of Strategy and Finance. She holds a Masters degree in Economics (MA) from the University of Mumbai with a focus on international trade, finance and regional monetary arrangements. She finished her Bachelors in Economics (BA) from Jai Hind College. Purvaja has previously held Research Assistant and Research Associate positions in her academic departments at both Bachelors and Masters levels. She has also interned at Reliable Investments, an exclusive franchisee of Motilal Oswal Securities Ltd.
Global governance, G20 and other multilaterals, International finance and trade.
Last modified: November 28, 2019
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