Context: The World Trade Organization (WTO) released its annual World Trade Report (WTR) that aims to deepen understanding about trends in trade, trade policy issues and the multilateral trading system.
Positives highlighted in the report:
Negatives highlighted in the report:
Some recent steps taken by the Indian government:
Conclusion: The WTR is a highly nuanced report that deserves the attention of policymakers, business leaders and analysts, and wider discussions on the issues it raises can help tweak the policy responses.