The Regional Comprehensive Economic Partnership (RCEP) is a trade pact between 16 countries. Negotiations that lasted for seven years have concluded and India has decided to opt out of the pact.

India’s decision to stay out of the Regional Comprehensive Economic Partnership (RCEP) continues to be justified, according to a recent report by the Global Trade Research Initiative (GTRI).

The absence of India, which has a huge market with more than 1.3 billion consumers, will reduce the economic benefits of the RCEP. The principal reason for India’s decision against joining in ...