Topic – Bilateral, regional and global groupings and agreements involving India and/or affecting India’s
4) Indian policymakers need to be mindful of domestic industry’s concerns and not get into a raw deal with respect to the RCEP. Critically analyze.(250 words)
Why this question
The article discusses the concerns that the domestic industry has with respect to finalization of RCEP negotiations. The article brings out the issues over which consensus is elusive as well as the threat of China in RCEP. RCEP being a very important mega regional trade agreement, is important for mains.
Key demand of the question
The question expects us to first explain in brief about RCEP, the issue that India is facing in finishing negotiations and the concerns of domestic industry of india.. We are expected to discuss the pros and cons of the stand India is taking and finally provide a fair and balanced view on India’s stand along with way forward.
Critically analyze – When asked to analyze, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary. When ‘critically’ is suffixed or prefixed to a directive, all you need to do is look at the good and bad of something and give a fair judgement.
Structure of the answer
Introduction – Explain what RCEP is and the current status of the agreement.
- Explain India’s stand at a macro and micro level in RCEP negotiations. Discuss the concerns being raised by domestic industry in India. Eg. access to Chinese goods may have impact on the Indian manufacturing sector, There are demands by other RCEP countries for lowering customs duties on a number of products and greater access to the market than India has been willing to provide, developed countries such as Australia and Singapore are unwilling to accommodate India’s demands to liberalise their services regime and allow freer mobility of Indian workers.
- Discuss the advantages that RCEP deal would offer to India.
- Examine what stand should India take which would make sense from IR, social, political perspective.
Conclusion – Give a fair and balanced view to the question asked and discuss the way forward ie what could be an agreeable middle ground.