India-EU FTA strategic signal to US, but gains hinge on efficiency: Nobel laureate Abhijit Banerjee

Nobel laureate Abhijit Banerjee calls the India-EU free trade pact a strategic alignment. He believes it signals to the US that India and Europe do not need America as much as it thinks. However, Banerjee cautions that the deal will only bring benefits if India significantly boosts its efficiency and logistics.