Opinion | Despite the Davos view, India’s right to stay out of RCEP
Policymakers should not pay heed to the Chicken Littles claiming that the sky is about to fall on India for having opted out, but ought to pursue sensible economic reforms
It’s now official, folks: India has opted out of the Regional Comprehensive Economic Partnership (RCEP), a proposed trade agreement among the ten members of the Association of Southeast Asian Nations (ASEAN), along with six additional Asia-Pacific partners, including China and India. At a summit meeting in Bangkok on 4 November, Prime Minister Narendra Modi announced that, taking a leaf from Mahatma Gandhi, his conscience would not permit him to join. The other members are going to carry on without India.