India opts out of RCEP move likely to reduce impact of large trade deficit
Safeguarding the interest of both the agricultural and industrial sectors and avoiding the flood of imports, India exits RCEP. Steel Industry leaders like Sanjiv Mehta of Shah Brothers Ispat Pvt Ltd, Abhyuday Jindal of Jindal Steel, among others, laud the country’s recent withdrawal. Inadequate protection against import surge and insufficient differential with China has led…