India not to join RCEP deal

BANGKOK: India on Monday decided not to join the mega Regional Comprehensive Economic Partnership (RCEP) deal as negotiations failed to address New Delhi’s concerns, Government sources said.

India’s stand at RCEP is a strong reflection of Prime Minister Narendra Modi’s strong leadership and India’s rising stature in the world. India’s decision will greatly help Indian farmers, MSMEs and dairy sector, they said.

India’s stand is a mixture of pragmatism, the urge to safeguard interests of the poor and the effort to give an advantage to India’s service sector. (AGENCIES)