Report by India

The Seventh Trade Policy Review of India is taking place at a time when the world is witnessing an unprecedented health crisis with the contagious COVID-19 hitting economies across the world in rapid succession. Global growth has been severely affected and substantial risks of more severe outcomes remain. In its June 2020 update, the International Monetary Fund (IMF) has projected that global output would contract by 4.9% in 2020-21.