RCEP agreement was so close to be signed and India then storms out of signing it. Narendra Modi looked ambitious on signing the RCEP agreement. However, various sectors in India protested and made Narendra Modi to take a major U turn. Consumers lost good quality and of lesser priced products that would have made Indian market bloom. Thinking about made in India policy to boost Indian economy for the better of Indian manufacturers, it’s good decision.
Had Indian economy keeps growing without any setback to India then RCEP agreement would have played a different role. Now, since three years we are aware of the suicides of farmers in India. Time has come to benefit Indian farming.
To boost Indian economy as already India is in FATF’s white list, it’s easier to increase FDI. FDI is Foreign Direct Investment and there are certain norms to make it applied in India. These are the benefits of the large population in India. India is densely populated and will gain a lot with their huge population for FDI.
Frequent checks by Indian authorities can find out whether Indian goods producers are doing justice to their products or not. Indian consumers should be provided with high quality diary and other products. This will build competition and consumers will benefit and in return India will be benefited.
Jobs in India should be created with more easy procedures for foreign students to study in India. Thus, India should now move forward without thinking about the past and keep growing as there’s no stop from here. Forget about RCEP agreement advantage or disadvantage if signed but it’s essential to focus on economy.
Khalid M Raza
