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India Must Bridge the Last-mile Gap on FTAs for an Economic Take-off News18 1 hour ago © Provided by News18 India Must Bridge the Last-mile Gap on FTAs for an Economic Take-off The Central Hall of Parliament broke into rapturous applause. It was November 8, 2010. All eyes were riveted on a hypnotic orator and a charismatic personality. In “Asia and around the world, India is not simply emerging; India has already emerged”, said President Obama! The sweet melody resonated in Indian ears for days! Has India indeed emerged? The answer is both yes and no. India’s GDP soared to $1,676 billion in 2010 from $468 billion in 2000 and grew further to $2,869 billion in 2019 (World Bank figures). However, with a nominal per capita GDP of around $2,000, India trails at 148th position out of 193 economies. Yet many other economic parameters – including fiscal deficit, inflation, foreign exchange reserves and foreign direct investment (FDI) – are healthy.

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