Over the past year, India has been exploring the possibility of a Free Trade Agreement (FTA) with the U.S, but this move was not adequately reciprocated. Critically analyze the impact a FTA with the U.S would have on India.

3. Over the past year, India has been exploring the possibility of a Free Trade Agreement (FTA) with the U.S, but this move was not adequately reciprocated. Critically analyze the impact a FTA with the U.S would have on India. (250 words)