India should set the pace for trade liberalisation in the subcontinent
India is planning to open up its markets to Bangladesh, Nepal, Maldives and Bhutan ahead of the SAFTA schedule. News reports may couch this in the language of ‘reaching out’ to less developed countries, putting the ‘pressure on Pakistan to do likewise’ or demonstrate India’s growing economic status to the West. Yes, it does that all that.
What often goes unreported is that it benefits India too. Importing more from the subcontinent—or from anywhere else, for that matter—could better address the Mango Man’s problems than say, a entreaty-disguised-as-a-command by the finance minister to the industry to help hold the price line.