Changes taking place in world trade provide India with a great opportunity, says commerce minister Suresh Prabhu. Photo: Indranil Bhoumik/MintNew Delhi: Changes taking place in world trade provide India with a great opportunity and its trade policy must focus of ‘scalability’ and ‘sellability’ in order to grow as an economy in the future, commerce and industry minister Suresh Prabhu said on Monday. “We have a great opportunity in front of us and are devising a strategy to work with the World Trade Organization multilaterally and with the respective nations bilaterally. At the current point everybody is questioning what was accepted as normal,” Prabhu told the annual session of the Confederation of Indian Industries (CII). Another problem, according to Kant, is that often policy making happens on the basis of data that is outdated.

Source: Mint April 09, 2018 15:00 UTC