The World’s Next Big Trading Block May Be India


Narendra ModiNarendra Modi, then prime ministerial candidate of the Bharatiya Janata Party (BJP), center, waves during the inauguration of the Welspun Solar Energy Ltd. solar power project near Bhagwanpura, Madhya Pradesh, India, on Feb. 26, 2014. Photographer: Vivek Prakash/Bloomberg

A new Common Market is being formed. It has a bigger economy than the whole of sub-Saharan Africa, more states than the European Union has members, and twice the population of North America. It’s called India.

For more than six decades since independence, India’s 29 states have operated almost as separate countries. They set their own taxes, charged import duties on goods from neighboring states, had their own politics, culture and even languages…

The World’s Next Big Trading Block May Be India

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