Trade Deficit Blues: Why India’s ASEAN Pact Needs Urgent Fixes

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

India’s free trade agreement with ASEAN has failed to deliver balanced gains, with a widening trade deficit and limited market access for Indian goods. As review talks intensify, India is pushing for structural reforms to address tariff asymmetries, Chinese competition, and last-mile implementation hurdles.