RCEP lessons: India must reform faster to become more competitive
India’s withdrawal from the RCEP trade pact indicates that it remains open for business on its own terms and is also an acceptance that reforms must carry on at pace, writes India Inc. Founder & CEO Manoj Ladwa. Unanimity and consensus are difficult to achieve in India but Prime Minister Modi’s decision to pull out of the Regional Comprehensive Economic Partnership (RCEP) deal has been welcomed by almost all stakeholders – political parties, businesses and farmers associations. For me, this [...]