India favours bilateral free trade agreements over China-led RCEP
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Divakar Vijayasarathy, founder and managing partner at consulting firm DVS Advisors LLP, said the RCEP deal was not favourable for India, particularly for its farming community. “RCEP was politically sensitive issue since access to India’s dairy market would have been available to these countries upon signing. The dairy market in India is highly unorganised and does not have the depth to compete with corporates of other countries.”