As a developing country, India has run a trade deficit for decades despite its long-standing protectionist trade policy. According to the WTO Tariff Profile, India has one of the highest tariff rates in the Asia-Pacific region. In 2019, India withdrew itself from joining the Regional Comprehensive Economic Partnership (RCEP), the world's largest trade deal aimed at eliminating or substantially reducing tariffs and nontariff barriers. Use the large open economy model to explain what will happen in India after joining RCEP. Make sure you draw the appropriate diagram(s) and explain what would happen to r, ε, I, S, NX, and CF.