Topic:Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests. Effect of policies and politics of developed and developing countries on India’s interests, Indian diaspora.
4) In the veneer of free trade, India should not loose fair trade. Critically analyse the statement in the light of on-going Regional Comprehensive Economic Cooperation agreement (RCEP). (250 words)
Why this question:
The article highlights the fact that India will not sign any free-trade agreement (FTA) in a “rush” but will engage without compromising the interest of domestic industry.
Key demand of the question:
Discuss in detail the ongoing negotiations of India with RCEP. Provide for a critical analysis.
Critically analyze – When asked to analyse, 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, one needs to look at the good and bad of the topic and give a fair judgment.
Structure of the answer:
Give a brief introduction about RCEP and its importance to the participating nations especially to India.
Mention the benefits and losses that India will bear due to the agreement.
Explain the areas that India need to negotiate with other RCEP nations.
Suggest suitable solutions to address such situations in the best interest of the country.
Conclude with way ahead.