India has shown a positive attitude towards expanding economic ties with other countries, particularly those in the Global North. Trade agreements and free trade deals are seen as key tools for India to address challenges posed by emerging disruptions and increased protectionism. Despite signing several bilateral FTAs, India remains cautious when it comes to engaging in trade agreements at the multilateral level. This careful approach reflects India’s desire to protect its domestic industries and ensure that its economic interests are safeguarded in any international trade deal.
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