New-age FTAs shrinking India’s policy space, dictating domestic rules: GTRI
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
As trade deficits increase with most FTA partners, old and new, research body suggests setting up an FTA impact monitoring authority
Key Facts
Type Legislation
Source BusinessLine - Economy
Published Tuesday, 9 June 2026
Affected Population 63 million MSMEs, export-import community
Key Numbers
Merchandise exports: $437 billion (2024-25)
FDI inflow: $71 billion (2024-25)
PLI scheme: Rs 1.97 lakh crore across 14 sectors
R&D spending: 0.7% of GDP
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right