Summary
The next phase of India's trade strategy must combine market access with a confident, calibrated openness to intermediate goods.
India's export ambition rests on integration into global value chains. The arithmetic is unforgiving: to export at scale, we must also import.
This long-form essay surveys the FTA pipeline, the recalibration of quality control orders, and the regulatory environment for cross-border services.
We close with a proposed sequencing for the next round of trade reforms, building on the gains of the past 18 months.