Economics

China-Backed Trade Bloc Seeks India’s Return to Complete Deal

  • The 15-nation bloc is confident of signing deal by end of 2020
  • High trade deficit with China is one of India’s major concerns

A worker operates a machine in a factory in Sonipat district, Haryana, India.

Photographer: Prashanth Vishwanathan/Bloomberg
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A China-backed regional trade bloc has offered concessions to India in a bid to bring it back to the grouping after the South Asian nation exited talks last year, people with the knowledge of the matter said.