India needs to recognize import demand: Report on Singapore trade pact

The government is currently reviewing FTAs that India has signed with trading partners

India's exports must be in line with demands from trade partners, a report looking at the nation's current trade deal with Singapore has pointed out.

The report released by foreign trade think tank RIS, showed that small but affluent Singapore has increasingly gained an appetite for high value imports while the diversity of India's export basket to the nation has remained stagnant. This is evident in the nation's growing demand for branded jewellery and pharmaceutical specifics rather than the generics that India specializes in. 

India had signed the Comprehensive Economic Cooperation Agreement (CECA) back in 2005. The agreement has been