WTO wants India to break tariff wall & attract money
The World Trade Organisation (WTO) urged India to implement reforms to enhance its business environment and reduce trade-restrictive measures to attract foreign investment. In its 8th Trade Policy Review report, the WTO noted India's reliance on high tariffs and extensive budgetary support, while highlighting the goal of increasing global merchandise exports to 10% by 2047. The WTO forecasted India's real GDP growth to be between 6.8-7.2% in FY28, emphasizing the need to address structural challenges for sustained economic performance.