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21min chapter
Pravin Krishna on the Political Economy of Multilateral and Preferential Trade Agreements, Trade Liberalization, and the Future of Global Trade
Ideas of India
India's Trade Transformation
This chapter explores the historical evolution of India's trade policies from an autarkic economy to one focused on liberalization post-1991. It highlights the importance of bilateral and regional trade agreements, the impact of GATT's Article 24, and the challenges faced by India's trade agreements, particularly with its neighbors. The discussion also anticipates future opportunities for more substantial agreements with larger economies, potentially enhancing India's role in global trade.
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