Looking beyond RCEP episode: Why surge in exports should be an outcome of market forces

India was fiercely negotiating in the Regional Comprehensive Economic Partnership (RCEP) on the issues of its interest, which included trade deficit with China and greater mobility for Indian workers, among others. India has been accused of stalling the deal with last-minute demands, and being overtly protectionist in its stance before opting out of the mega trade deal. There are some facts that cannot be ignored, given the concerns and risks that would be faced by farmers, traders and small business enterprises from the likely reduction in tariffs and import surge.