India's Trade Reforms Key to Future Economic Growth and Prosperity.
India has been making changes to its trade policies to become more involved in the global economy. Tariff rates have gone down, but India still relies more on itself than other countries. Foreign investment is now more important than official debt. To attract more foreign investment, India needs to make more changes. Joining future trade talks could help India. The most important changes needed are in labor laws, privatization, and managing money better. These changes are hard to make because they challenge powerful groups in India.