According to government insiders, Prime Minister Narendra Modi of India is setting his sights on finalizing free trade agreements with Britain and Oman as a top priority within the first 100 days following a potential reelection.
As opinion polls hint at a favorable outcome for Modi in the forthcoming elections, his administration is already outlining an ambitious action plan to propel India’s economy forward. This strategy encompasses setting annual objectives that align with a broader vision for the next five years.
Key to this plan, as informed by sources familiar with the matter, is the ambition to seal the trade deals with Britain and Oman, both of which are reportedly in the concluding phase of negotiations.
PM Modi (Credits: Deccan Herald)
These sources, who preferred to remain unnamed due to the confidentiality of the discussions, indicated that the trade ministry is keen to highlight these agreements as milestones in the government’s initial 100-day agenda.
In recent strategy sessions with high-ranking government officials, Modi emphasized the importance of weaving India more tightly into the global trade fabric, a move seen as crucial for the continued expansion of the country’s economy, which ranks as the third largest in Asia.
Reuters reviewed a document that revealed some of these ambitious objectives will be deliberated upon on May 1. The multi-stage electoral process commences on April 19, with the final vote tally scheduled for June 4. During this period, Modi will be campaigning for what could be an unprecedented third term in office.
Narendra Modi (Credits: The Edge Malaysia)
The final decision on these priorities, including the trade agreements, rests with the trade ministry and Modi’s office, who have yet to comment on these plans.
This strategic focus on international trade agreements underlines the government’s commitment to economic growth and global integration, positioning India as a pivotal player on the world stage.
