India's decision to stay out of the RCEP trade bloc was a smart move, according to think tank GTRI. They argue that joining could have worsened India's already large trade deficit with China. GTRI points out that other RCEP members have seen their trade deficits with China grow, suggesting that the agreement benefits China more than other members.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.