India’s Trade Diversification Strategy outside RCEP

India’s trade policy in 2025–26 has continued to emphasize bilateral and minilateral economic arrangements instead of joining Regional Comprehensive Economic Partnership (RCEP).

  • The government has reiterated that India’s 2019 decision to stay out of RCEP stands vindicated, while current efforts focus on trusted partners, supply-chain resilience, and targeted trade negotiations with ASEAN and other economies.
  • At the same time, India remains active in the IPEF Supply Chain Agreement, showing that it prefers flexible economic coalitions over a single China-linked mega trade bloc.
  • Under IPEF, India joined Pillars II, III and IV, but only has observer status in Pillar I (Trade). This ....
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