Modi’s trade push may add $140 bn to India’s GDP
The rapidly expanding free-trade network of India may add approximately $140 billion to the nation's GDP by 2035, according to analysts using a large-scale global economy model from the World Trade Organization. This expansion is driven by countries reconfiguring supply chains around trusted partners and seeking preferential market access.
New Delhi has expedited its trade deals, ending years of caution and forging new partnerships. The analysis also considers two scenarios that could further boost these gains: enhancing productivity benefits from manufacturing reforms and implementing policies to help underemployed agricultural workers transition into manufacturing and services.
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