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India-EU FTA strategic signal to US, but gains hinge on efficiency: Nobel laureate Abhijit Banerjee
Nobel laureate Abhijit Banerjee views the India-EU free trade pact as a strategic alignment that signals to the US that India and Europe do not need America as much as it thinks. However, he cautions that the deal will only bring benefits if India significantly boosts its efficiency and logistics. This is significant for exam preparation as it highlights the geopolitical and economic implications of India's trade agreements.
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