A topper · CSE 2024 · GS3 · 53 pages

Shivani: GS3 answer copy

13 answers by Shivani, as written in the test. Each question opens a page with how other toppers answered it.

The questions

  1. Q1414
  2. Q17Q17
  3. Q1818.
  4. Q84Q.84
  5. Q(none)

The answers

Question 1 · 150 words written

Explain the significance of Free Trade Agreements (FTAs) for India in the current global economic context.

Opening · a definition

Free trade agreements are between two or more countries to enhance international trade and reduce regulatory burden. Recently, India signed FTA with EFTA - TEPA, UAE - CEPA and Australia - CECA, while UK - India, and EU - India FTA are under negotiations.

Reason for increased focus -

Body · points

  1. To enhance India's participation in global value chain.
  2. To improve market access for Indian manufactured products.
  3. To provide stimulus to manufacturing sector - with stagnant GVA at 16-17%. (4) To generate employment for workforce. (5) To reduce costs for imported inputs and ease transfer of technology. (6) Improve FDI inflow in country eg: EFTA - TEPA has FDI committment. (7) Promote policy of "Make in India for the world". (8) Reduced efficiency of WTO.

Close · a summary

Thus, free trade agreements allow India to push for trade led growth achieving target of $2 trillion exports by 2030 as given in FTP-2023.