The World Trade Organization has reported that India continues to experience strong economic growth, though significant hurdles remain in the country’s pursuit of developed nation status by 2047. While the organization acknowledged progress in areas such as financial inclusion and trade facilitation, it cautioned that current structural challenges could impede long-term development goals.
High trade costs and regulatory complexity were identified as primary obstacles to India’s deeper integration into the global economy. To sustain its current trajectory and meet its 2047 objectives, the report suggests that India must implement further structural reforms to address these systemic barriers and improve its overall trade environment.
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