WTO: India's growth on track but trade barriers risk its 2047 developed-nation goal

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India's economy continues to grow strongly, but the World Trade Organization has flagged structural reforms as essential for the country to achieve developed-nation status by 2047. A WTO report highlights high trade costs and regulatory complexity as major obstacles to deeper global integration. The report also acknowledges India's progress in trade facilitation and financial inclusion. India is actively negotiating free trade agreements as part of its broader export expansion strategy. However, experts note that balancing the country's self-reliance agenda with greater economic openness will be critical to securing a larger share of global exports.

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