Archive · 22 Jul 2026
WTO Says India Must Fix Gaps for Developed Status by 2047
The World Trade Organization (WTO) says India can become a developed nation by 2047, but it needs to fix some big problems first.
These problems include high trade costs, complex rules, and poor infrastructure.
The WTO also says India needs to trade more with other countries.
India agrees but also says other countries need to remove barriers that block Indian goods.
Both sides want India to grow and become more competitive in the global market.
India aims to become a developed nation by 2047, but the WTO says it must fix trade costs, regulations, and infrastructure.
The WTO recommends India sustain 8% annual GDP growth and integrate more with global markets.
India wants to increase its global export share from 1.8% to 10% by 2047.
India argues that market access and removal of non-tariff barriers by other countries are crucial.
The WTO urges India to reduce trade restrictions and improve its business environment.
- Who
- World Trade Organization (WTO) and India
- What
- India's goal to become a developed nation by 2047
- When
- By 2047
- Where
- India
- Why
- To achieve developed-country status by the centenary of Independence
WTO's Perspective
India's Perspective
Trade Costs and Regulations
WTO's Perspective
The WTO emphasizes that high trade costs and complex regulations are major bottlenecks that need to be addressed.
India's Perspective
India argues that market access and removal of non-tariff barriers by other countries are equally important.
Trade Restrictions
WTO's Perspective
The WTO urges India to reduce trade-restrictive measures to improve competitiveness and attract investment.
India's Perspective
India points out that non-tariff barriers by other countries limit market access for developing economies.
- Current GDP Growth Rate
- Fastest-growing major economy
- Target GDP Growth Rate
- 8% annually until 2047
- Current Global Export Share
- 1.8%
- Target Global Export Share
- 10% by 2047
- Key Areas for Reform
- Trade costs, regulations, infrastructure, global integration
- India's Stance on Market Access
- Unimpeded access to global markets, critical minerals, and advanced technologies
- WTO's Stance on Tariffs
- India's average applied MFN tariff rate has increased compared to the previous review