BRICS Free Trade Agreement to Boost Indian Economy and Global Growth
The article discusses how countries are forming trade agreements to reduce barriers and promote economic growth. India has started engaging in these agreements since 2003 to avoid being left out of important markets. India is also working with other countries like Brazil, Russia, China, and South Africa for deeper economic cooperation. The researchers found that these agreements can lead to more foreign investment and technology transfers, and can help countries like India access new markets and make stronger commitments beyond what is required by the World Trade Organization.