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India must move quickly to fix a looming trade crisis

The Narendra Modi government’s trade policy has been marked by five noteworthy, but rather unflattering, trends: declining trade volumes, unsuccessful diversification of trade destinations, continuing deadlock in US-India commercial ties, India’s services strength remaining under-utilised in trade agreements, and lack of a national strategy for mega trade agreements.

This then shapes the government’s trade agenda for the next three years.

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