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Podcast: In Focus by The Hindu
Episode: Do India’s Free Trade Agreements with European nations benefit the country? | In Focus podcast
Description: On March 10th, India signed a free trade agreement with a group of four European nations, committing to reduce tariffs. In return, India would receive $100 billion in investments over the next 15 years. The non-EU bloc, known as the European Free Trade Association, consists of Switzerland, Norway, Iceland and Liechtenstein. This agreement has come on the back of protracted negotiations of 21 rounds spread over 16 years. While the balance of trade heavily favors the EFTA, with India importing about $22 billion in 2023 from the bloc, India exported only about $3 billion to the bloc. While India hopes to attract investments in railways, the...