business π India's FTA strategy has some major flaws
India has been aggressively pursuing bilateral free trade agreements to boost economic and strategic interests. This expansion includes deals with the UAE, Australia, UK, and the European Union. However, the strategy has faced mixed results, as evidenced by trade data. Specifically, India's trade deficit with ASEAN grew sharply from US$10.4 billion in 2012 to US$51.2 billion in 2025. This trend shows that increased imports are challenging the intended benefits of these trade pacts. π