India's growth remains strong, but trade barriers threaten 2047 goal: WTO
The World Trade Organization (WTO) reported that India's economic growth remains robust, yet structural reforms are essential for achieving developed nation status by 2047. High trade costs and regulatory complexities hinder global integration, despite progress in trade facilitation and financial inclusion. To enhance its export strategy, India is pursuing free trade agreements while striving to balance self-reliance with increased openness to achieve a larger share of global exports.