NITI Aayog: India's FTA Trade Deficit Jumps 59%, Competitiveness Urged

NITI Aayog: India's FTA Trade Deficit Jumps 59%, Competitiveness Urged

NITI Aayog's latest 'Trade Watch Quarterly' report reveals India's trade deficit with Free Trade Agreement (FTA) partners surged by 59.2% in April-June last year. The government think tank emphasized the critical need for India to boost competitiveness in existing FTAs through strategic measures like tariff reductions and production reorientation.

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