India is a very open economy: Suresh Prabhu Suresh Prabhu (SHARMA/AFP/Getty Images)
India is ready to do business with the world, its Prime Minister Narendra Modi said at the India-Korea Business Summit last month, and this sentiments were echoed by Union minister Suresh Prabhu on Friday. Prabhu, who is in Singapore for Regional Comprehensive Economic Cooperation (RCEP), said India was working with the 10-member Association of Southeast Asian Nations (ASEAN) on the RCEP. “India is a very open economy. We want to have trade relationships and trade pacts as continuing as possible, particularly with ASEAN, with which we already have a pact,” the Commerce and Industry minister said during a lecture titled…
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