In
the absence of strategic policy support that help
build up indigenous capabilities and create the incentives
for localisation, extensive liberalization through
RCEP will only worsen domestic production, lower export
and FDI flows and compromise national security for
India.
* Smitha
Francis is Consultant at the Institute for Studies
in Industrial Development (ISID). The views expressed
are personal.
**
A short version of this article was published by
Financial
Express on
October 8, 2019.
***
A modified translated version was published by the
Malayalam
daily Mathrubhumi
on
October 30, 2019.
