Modi's Strategic Trade Agreements Propel India to Global Economic Heights

Prime Minister Narendra Modi criticized the UPA government's trade negotiations, highlighting India's recent successful trade agreements under his leadership. These agreements, involving major global economies, offer near-zero tariffs for Indian exports, especially benefiting MSMEs and contributing to India's economic resurgence and global integration.

Prime Minister Narendra Modi has launched a fierce critique of trade negotiation efforts during the UPA era, attributing their struggles to economic mismanagement. In a recent exclusive interview, Modi pointed out that his administration has successfully concluded significant trade agreements, providing Indian industries with opportunities to access global markets with reduced tariffs.

The agreements span multiple continents and involve key economies such as the UK, EU, US, Australia, and New Zealand. These deals have particularly benefitted MSMEs, contributing to India's manufacturing and service sectors' productivity and competitiveness, Modi emphasized. The prime minister highlighted how these efforts have been pivotal for India's economic resurgence.

Modi stated that India's strategic Free Trade Agreements, now with 38 partner nations, have been transformative. By integrating India into global supply chains and providing new market opportunities, these agreements support a more open and confident Indian economy. This aligns with the vision of a developed India, Viksit Bharat, by 2047.

(With inputs from agencies.)