The correct answer is (a) ASEAN.
The ASEAN-India Free Trade Agreement (AIFTA) is a free trade agreement between India and the Association of Southeast Asian Nations (ASEAN). It was signed on 29 August 2009 and came into effect on 1 January 2010. The agreement covers trade in goods, services, investment, and economic cooperation.
The agreement has been successful in increasing trade between India and ASEAN. In 2017, trade between India and ASEAN was worth US$87.1 billion, up from US$27.8 billion in 2009. The agreement has also helped to attract investment from ASEAN countries to India.
The agreement has been criticized for not doing enough to address the trade deficit between India and ASEAN. India has a trade deficit with ASEAN of over US$20 billion. The agreement has also been criticized for not doing enough to protect Indian industries from competition from ASEAN countries.
Despite these criticisms, the AIFTA has been a positive development for India’s trade and investment relations with ASEAN. The agreement has helped to increase trade and investment between the two regions, and it has also helped to promote economic cooperation.
The other options are incorrect.
(b) SAARC is the South Asian Association for Regional Cooperation. It is a regional intergovernmental organization that promotes economic, social, cultural, technical, and scientific cooperation among its member states. India is a member of SAARC.
(c) NAFTA is the North American Free Trade Agreement. It is a free trade agreement between Canada, Mexico, and the United States. India is not a member of NAFTA.
(d) None of the above is the correct answer.