Economic Cooperation and Trade Agreement (ECTA) between India & Australia: An Illustration of A New Beginning
India’s decision to focus on balanced economic agreements, which include a wide set of areas and not just merchandise trade, with key economic and strategic partners reflects India’s much stronger geoeconomic and geostrategic position and confidence in its ability to pursue India’s national interests. India is carefully choosing its partners for economic agreements (the media description of them as free trade agreements is misleading and inaccurate and reflects old thinking).