India's growth remains strong, but trade barriers threaten 2047 goal: WTO

India is the fastest-growing G20 economy, with real GDP growth projected at 6.8–7.2% in FY2027-28, per the WTO Trade Policy Review report.

India's goal of becoming a developed nation by 2047 requires addressing structural challenges: high trade costs, regulatory complexity, infrastructure gaps, and barriers to global integration.

The WTO acknowledges India's progress in trade facilitation via digitalisation, customs modernisation, FDI liberalisation, and FTA expansion.

India's policy framework includes high tariffs, import/export controls, state trading, and extensive subsidies for food grains and fertilisers.

India has 19 active FTAs and has signed or concluded negotiations on eight major trade agreements since 2021 to boost market access and global value chain integration.