Udaibir Das

India’s Evolving Approach to Finance in its Trade Agreements

India’s Evolving Approach to Finance in its Trade Agreements

By Udaibir Das

When finance is discussed in the context of India’s trade agreements, the debate polarizes: either India is genuinely opening, or it remains stuck in defensive regulation. But neither captures what is happening: India is selectively binding regulatory discretion, exporting specific platforms, and keeping control over balance-sheet risks.