Topic: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
3. The signing of trade agreement between India and EFTA holds promises for economic diversification. However, the actual impact would depend on the details of the agreement, emphasizing the need for careful examination of its provisions. Analyse. (250 words)
Difficulty level: Tough
Reference: deccanherald.com , efta.int
Why the question:
India on Sunday (March 10) signed a trade agreement with the four-nation European Free Trade Association (EFTA), an intergovernmental grouping of Iceland, Liechtenstein, Norway and Switzerland.
Key Demand of the question:
To write about the impact of India signing trade agreement with EFTA
Directive word:
Elaborate – Give a detailed account as to how and why it occurred, or what is the context. You must be defining key terms wherever appropriate and substantiate with relevant associated facts.
Structure of the answer:
Introduction:
Begin by giving context.
Body:
First, write about the major features of the trade agreement with EFTA.
Next, write about major benefits it is expected to bring – significant economic benefits, such as better integrated and more resilient supply etc.
Next, write about the major concerns associated with it – geopolitical implications, actual scale of investment etc.
Conclusion:
Conclude by writing a way forward.
