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Examine the need and opportunity for India to forge stronger ties with the European Union to revitalize its exports, in the backdrop of BREXIT and India’s Atmanirbhar Bharat Abhiyan.

Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

4. Examine the need and opportunity for India to forge stronger ties with the European Union to revitalize its exports, in the backdrop of BREXIT and India’s Atmanirbhar Bharat Abhiyan.  (250 words)

Reference:  The Hindu 

Why the question:

The article talks about the need and opportunity for India to forge stronger ties with the European Union to revitalize its exports, in the backdrop of BREXIT and India’s Atmanirbhar Bharat Abhiyan.

Key Demand of the question:

Discuss the need and opportunity for India to forge stronger ties with the European Union to revitalize its exports, in the backdrop of BREXIT and India’s Atmanirbhar Bharat Abhiyan. 

Directive:

Examine – When asked to ‘Examine’, we must look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction:

Start by explaining India’s vision for self-reliance.  

Body:

The Atmanirbhar Bharat programme and the Budget 2021-22 have set the tone and tenor to bolster supply chains and achieve self-reliance. However, it does not mean that India looks at being economically insular.

Then with some data discuss the export potential of India.

Explain the concerns associated.  Talk about the FTAs; India’s negotiation for a Broad-based Trade and Investment Agreement, which commenced in 2007, is yet to materialize due to lack of concurrence in areas like automotive and dairy and marine products. India’s cautious approach to FTAs is due to its past experience of an unequal exchange of benefits in several FTAs signed by the country.

Conclusion:

Post-Brexit EU finds itself in the midst of a growing need for recalibrating ties with its partner countries. Forging stronger ties with the EU through a mutually beneficial agreement could help strengthen Indian manufacturing and revitalize exports.