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India's 8th Trade Policy Review at WTO is scheduled to be held on July 21st and 23rd, 2026. The review covers the period from January 1, 2021 to December 31, 2025. India has demonstrated remarkable resilience in its performance during this period, with a strong rebound in economy growth rates.
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The Goods and Services Tax (GST) structure was rationalised and simplified during this period, contributing to India's strong economic performance.
Mains Practice Question
Critically examine the significance of India's Trade Policy Reviews at the WTO and their implications for the country's trade policies.
250 words
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Which ministry headed the review of India's 8th Trade Policy Review at WTO?
The review was headed by the Commerce Secretary, Shri Rajesh Agarwal, indicating that the Department of Commerce played a key role in this process.
In what year did India's total exports of merchandise and services reach an all-time high?
In 2025-26, India's total exports of merchandise and services reached an all-time high of US$ 863.1 billion.
Consider the following statements regarding India's Trade Policy Review at WTO: 1. The review is headed by Commerce Secretary, Shri Rajesh Agarwal. 2. India's TPRs are conducted once every two years. 3. The economy staged a strong rebound and has since sustained high growth rates. How many of the above statements are correct?
Statement 1 is correct as per fact 2. Statement 2 is incorrect because it contradicts fact 3, which states that India's TPRs are conducted once every five years. Statement 3 is correct as per fact 7.