Trade liberalisation refers to the reduction of barriers to trade. It includes lowering tariffs and removing quotas. This process aims to enhance economic growth. Countries engage in trade liberalisation to increase competition. It can lead to greater consumer choice. However, it may also impact local industries. The effects vary across different sectors and regions. Understanding these dynamics is crucial for economic policy.
The arrival of the European Union’s top leadership in Delhi over the Republic Day weekend marked more than a ceremonial milestone. It signalled a decisive consolidation of India–Europe...
