A more protectionist US could prove an unexpected tailwind for India’s economy. As countries redraw supply chains around trusted partners and seek preferential market access, New Delhi has ended years of caution and is rapidly expanding its free-trade network.
Using a large-scale model of the global economy developed by the World Trade Organization, we estimate these agreements could add about $140 billion to India’s GDP in 2035, opening new markets, cutting import costs, fostering foreign direct investment and lifting productivity.
