Prime Minister Narendra Modi’s government plans to enhance manufacturing in India by targeting export-oriented sectors, reducing trade barriers, and lowering import duties. The government is actively pursuing trade agreements and incentives to attract manufacturers and diversify supply chains. However, India’s manufacturing sector currently accounts for only 13% of GDP, well short of the 25% goal by 2025. Read more about Modi’s plans for his potential third term.
India aims to address the high cost of remittances and push for reduced charges at the WTO meet. It also seeks to emphasize telemedicine and building a pool of healthcare professionals for pandemics and natural disasters. However, there is a lack of consensus in critical areas such as agriculture, dispute settlement system, and fisheries agreement. India insists on finalizing the plan to rework the cap on procurement spending, while other nations want to defer the decision.
