Joining RCEP to hit India as investment destination, overwhelm MSMEs, capital flight: GTRI
- Posted on November 17, 2024
- By Business News Today
- 3 Views
Joining RCEP to hit India as investment destination, overwhelm MSMEs, capital flight: GTRI
Joining RCEP could hinder India's goal of becoming a top investment destination. Experts warn that it could lead to domestic capital flight and harm small businesses. India already has trade agreements with most RCEP members. The World Bank suggests focusing on internal reforms instead. India's exports to China have not grown significantly despite existing agreements.