Washington: The recent trade deal between India and America is not sudden news. There have been months of negotiations and strategic tussle overdue this. Experts believe that India's big trade try-on with the European Union has velocious this unshortened process. As soon as the way was well-spoken with Europe, Washington moreover intensified its moves so that it was not left behind.
Did America wield pressure to finalize the talks?
Farwa Aamer, an expert on South Asia wires at Asia Society Policy Institute, says that India-US talks were going on for a long time, but without the EU deal, they were finalized rapidly. According to him, America did not want India to establish deep economic relations with Europe and be left behind, hence efforts were made to finalize the try-on quickly.
Why is timing considered so important?
According to Amer, the coming of the US deal so soon without the EU-FTA in itself indicates that global powers are serious well-nigh trade partnership with India. India has currently wilt an important market and supply uniting partner for many countries.
Is the Russia issue still having an impact?
He moreover said that India's relations with Russia are still part of the equation. Plane though there has been a ripen in oil imports, India does not want to loftiness itself completely. This wastefulness makes India's affairs complex.
Will this deal requite India regional edge?
American trade expert Wendy Cutler believes that this try-on will remoter strengthen India's position in South Asia. He says that America has got such terms with India which are perhaps plane largest than the EU.
Does 'self-reliant' midpoint walking alone?
NITI Aayog member Arvind Virmani made it well-spoken that self-reliant India does not midpoint isolating itself from the world. In his words, “It takes two hands to clap.” He says that this deal is good news for exports, investment and long-term growth.
On which areas is the government's focus going forward?
Virmani described sectors like semiconductor and rare earth minerals as strategic. He believes that these sectors can requite India a strong place in the global supply uniting in the coming times. This deal is not just a trade try-on but moreover a sign of India's waffly economic strength.
