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    India Concludes Eighth Trade Policy Review at WTO in Geneva
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    Infosys veteran Ashiss Kumar Dash to succeed Salil Parekh as new CEO in 2027
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July 24, 2026
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WTO trade policy review highlights India's commitment to transparent trade rules, development policy space and multilateral engagement.
India reaffirmed an open, transparent, predictable and WTO-consistent trade and investment regime through tariff reform, customs simplification and free trade agreement initiatives. Its trade policy was presented as balancing developmental needs with WTO principles: agricultural tariffs protect vulnerable farmers, while industrial tariffs support supply-chain resilience and domestic manufacturing. India also committed to transparent, consultative and rules-compliant sanitary measures, technical regulations and trade remedies, with investigations based on objective evidence, due process and judicial oversight, including continued application of the Lesser Duty Rule in anti-dumping matters.
July 23, 2026
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Temporary Section 122 surcharge expiry may restore MFN treatment for Indian exports, while Section 301 tariff uncertainty continues.
The US temporary Section 122 import surcharge on Indian goods is scheduled to expire unless extended or replaced, restoring affected imports to normal US MFN tariff treatment. Liability depends on entry for consumption or warehouse withdrawal. Section 232 national-security tariffs remain unchanged. Indian exports may still face fresh measures under Section 301 investigations into forced labour and excess manufacturing capacity, alongside potential country-specific or sectoral tariffs. The expiry may improve export competitiveness and market access, particularly for labour-intensive and MSME-driven sectors.
July 23, 2026
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Quantum finance innovation will advance secure digital banking through cybersecurity, fraud detection, collaborative research, workforce development and digital literacy.
A Quantum Finance Innovation Hub is proposed to apply quantum technologies to banking through stronger cybersecurity, proactive financial-fraud detection and secure digital financial ecosystems. The initiative will bring together industry, academia, startups, research organisations and government agencies to promote innovation in quantum computing, artificial intelligence and related technologies. It also focuses on workforce development, digital literacy, public confidence in digital financial services, and technology-enabled responses to cybercrime and digital-arrest scams.
July 23, 2026
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Chief executive succession plan appoints a CEO designate, subject to shareholder approval, for an AI-led corporate leadership transition.
Corporate leadership succession at Infosys is proposed through the appointment of Ashiss Kumar Dash as Managing Director and Chief Executive Officer designate from 1 April 2027. The five-year appointment is subject to shareholder approval and follows a recommendation of the Board's Nomination and Remuneration Committee. The incumbent will remain in office until the transition date and support an orderly transfer of responsibilities. The succession plan identifies the CEO designate's business, technology-delivery, client and global operations experience as relevant to AI-led transformation.
July 23, 2026
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Bullion market pressure intensified as rising oil prices, inflation concerns and restrictive monetary policy expectations weakened gold and silver sentiment.
Gold and silver prices declined amid weaker global bullion trends, profit-booking, and higher crude oil prices linked to Middle East tensions. Market commentary associated the decline with inflation concerns and expectations that major central banks may sustain restrictive monetary policy for longer. Gold was described as facing near-term pressure from higher interest-rate expectations, inflation risks, and geopolitical uncertainty.
July 23, 2026
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Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
July 23, 2026
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Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
July 23, 2026
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Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
Joint home loans allow eligible applicants to combine income for a single housing loan, while making every co-applicant fully responsible for repayment. Eligibility depends on each applicant's income, financial obligations, credit history, age, repayment capacity and property criteria. Applicants should agree on EMI sharing, ownership proportions and exit arrangements before applying, as removal of a co-applicant requires lender approval and reassessment. Co-owner borrowers may claim applicable interest and principal repayment deductions subject to ownership, contribution and income-tax requirements. Each applicant must provide separate identity, income and banking documentation.
July 23, 2026
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Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
July 23, 2026
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Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
July 23, 2026
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Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
The Chennai chapter of the 'Credit Goes to HER' initiative provides a platform for women professionals in banking, NBFCs, fintech, housing finance, academia and policy to share knowledge, obtain mentorship and collaborate on inclusive credit practices. It seeks to strengthen women's leadership and participation in the credit ecosystem while supporting responsible lending, financial inclusion, transparency and data-driven decision-making.
July 23, 2026
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Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
Digital personal-loan campaign permits eligible customers to apply online for collateral-free borrowing and receive specified lifestyle rewards upon successful disbursal, subject to campaign terms. Applicants may check an offer, provide personal, financial and employment information, review loan terms, complete know-your-customer and bank-account verification, and undergo assessment. Interest rates, loan amounts and repayment tenures depend on eligibility, credit profile, income and internal assessment. An EMI calculator supports comparison of repayment options and estimation of monthly instalments before application.
July 23, 2026
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Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
Foreign-exchange market movement saw the rupee depreciate against the US dollar amid elevated crude oil prices linked to heightened West Asia hostilities. Weak domestic equity markets and foreign investor equity outflows contributed to negative sentiment. Market commentary indicated that prospective Reserve Bank of India intervention supported the rupee and could limit sharper depreciation, while shipping-security concerns contributed to elevated oil prices.
July 23, 2026
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Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.
July 23, 2026
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Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
July 23, 2026
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Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
Legal education employability initiatives combine curriculum alignment for judicial and competitive examinations with mentoring, legal drafting practice, research training, and professional interaction. Internships provide practical exposure to courts, judicial institutions, government bodies, law firms, advocates' chambers, corporate legal departments, and non-governmental organisations. Students in integrated and three-year law programmes complete prescribed minimum internship periods, with summer and winter placements commencing after the first year. Specialisation-based internships cover civil, criminal, corporate, cyber, intellectual property, arbitration, taxation, and government or non-governmental legal work.
July 23, 2026
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Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
Student fashion showcase 'Astitva' presented nine contemporary collections exploring identity, belonging, transformation, memory, resilience, grief and cultural heritage through personal design narratives. The collections included a contemporary reinterpretation of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting, emphasising preservation of Indian craft traditions. Recognition included a designer award for the craft-revival collection and a sustainability award for a collection focused on craftsmanship, conscious creation, heirloom design and mindful luxury.
July 23, 2026
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Rupee exchange-rate movements face pressure from elevated crude prices and equity outflows, moderated by possible central-bank intervention.
Rupee exchange-rate movement in early foreign-exchange trading reflected a modest appreciation against the US dollar after depreciation in the preceding session. Possible dollar sales by state-owned banks, widely viewed as central-bank intervention, and a weaker US dollar supported the currency. Elevated crude-oil prices, foreign institutional equity outflows, and negative domestic equity-market sentiment continued to create downside pressure, although expected central-bank support was considered likely to limit losses.
July 23, 2026
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Official statistics dissemination uses digital validation, release calendars, anonymised microdata and accessible platforms to strengthen timeliness and transparency.
Official statistics collection and dissemination are supported through digital survey platforms with built-in validation, real-time monitoring and supervisory quality controls. Consumer Price Index, National Accounts Statistics and Index of Industrial Production data are collected, compiled or validated through specified quality and timeliness mechanisms. An Advance Release Calendar supports accountable publication, while anonymised survey microdata, stakeholder engagement and digital portals improve transparency, accessibility and use of official statistics.
July 23, 2026
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Official statistical modernization strengthens macroeconomic measurement through revised bases, digital surveys, validated data collection and district-level estimates.
Official statistical methodology and National Sample Surveys are periodically reviewed to reflect changing economic conditions, emerging data needs and international standards. Base revisions for key macroeconomic indicators incorporate updated data, expanded coverage, revised weights, administrative sources and improved estimation of the unincorporated sector. Survey methods are updated through expert consultation, pilot studies and field testing. Digital collection platforms, validation checks, real-time monitoring, AI-enabled tools and multilingual interfaces support improved data quality, quicker releases, high-frequency surveys and district-level estimates.

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Customs, DGFT & SEZ

India Concludes Eighth Trade Policy Review at WTO in Geneva

July 24, 2026

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Commerce Secretary Reaffirms India's Commitment to Open, Transparent and WTO-Consistent Trade Regime

68 WTO Members Participate in India's Trade Policy Review, Reflecting Strong Global Interest in India's Economic Transformation

The second and final session of India's Eighth Trade Policy Review (TPR) concluded today at the World Trade Organization (WTO) in Geneva. The Trade Policy Review is a key transparency and monitoring mechanism of the WTO under which Members' trade and related policies are periodically examined to enhance transparency, strengthen adherence to WTO rules and facilitate constructive dialogue among Members.

India's official delegation for the Eighth Trade Policy Review was led by Commerce Secretary Shri Rajesh Agarwal. In his closing statement to the WTO Membership, the Commerce Secretary thanked Members for their active participation and the keen interest shown in India's trade policies. He reaffirmed that reform is a continuous process and highlighted India's commitment to an open, transparent and predictable trade and investment regime. He underlined that India's tariff reforms, customs simplification measures and ambitious Free Trade Agreement (FTA) strategy have steadily strengthened the country's integration with the global economy while supporting domestic development objectives. He also emphasized that India remains a major engine of global demand.

Responding to the issues raised by Members, the Commerce Secretary reiterated that India's trade policies are guided by WTO-consistent principles while balancing the developmental needs of a large developing economy. He emphasized that India's agricultural tariff structure is designed to safeguard the livelihoods of millions of small, low-income and resource-poor farmers, ensuring fairness and equity, while industrial tariffs support supply chain resilience, diversification and domestic manufacturing capabilities in an evolving global economic environment.

During the review, India received 1,094 written questions from 44 WTO Members. During the two review sessions held on 21 and 23 July 2026, 68 WTO Members made interventions, reflecting growing global interest in India's economic transformation and its role in the multilateral trading system. Several Members recalled the value of their trade and economic relationship with India and broadly appreciated India's constructive engagement in the multilateral trading system and its strong economic resilience. Members also highlighted India's achievements in Digital Public Infrastructure, customs and trade facilitation modernization, innovation and startup initiatives, expansion of regional trade agreements, and efforts to integrate MSMEs into global value chains. They also welcomed India's acceptance of the WTO Agreement on Fisheries Subsidies.

On sanitary and phytosanitary measures, technical regulations and trade remedies, the Commerce Secretary reaffirmed India's commitment to transparency, stakeholder consultations and adherence to WTO rules. He noted that India's Quality Control Orders are intended to achieve legitimate public policy objectives, while trade remedy investigations are conducted transparently, based on objective evidence, due process and judicial oversight. He further highlighted that the overall trade coverage of India's trade remedy measures remains limited and that India continues to apply the Lesser Duty Rule in its anti-dumping framework.

The Commerce Secretary also highlighted India's continued efforts to promote sustainable development, women's economic empowerment, digital public infrastructure, intellectual property reforms, services trade, investment facilitation and Ease of Doing Business. He noted India's significant progress in financial inclusion, digital commerce, logistics modernization and environmental sustainability, while reaffirming India's commitment to an inclusive and innovation-driven growth model.

On WTO reform, the Commerce Secretary reiterated India's strong commitment to an open, inclusive, transparent and rules-based multilateral trading system. He emphasized that WTO reform should remain development-oriented, preserve policy space for developing countries, strengthen the Organization's credibility and deliver on existing mandates. India also reaffirmed its commitment to engaging constructively with all Members to strengthen the multilateral trading system while preserving the foundational principles of the WTO.

The Commerce Secretary expressed his gratitude to the Chair of the Trade Policy Review Body, Ambassador Nella Pepe Tavita-Levy of Samoa, and the Discussant, Ambassador Guilherme de Aguiar Patriota of Brazil, for their leadership and valuable contributions during the review process. He also thanked the WTO Secretariat, WTO Members, and the Indian teams in Geneva and New Delhi for their dedicated efforts in ensuring the successful conclusion of India's Eighth Trade Policy Review.

Concluding the review, the Commerce Secretary reaffirmed India's unwavering commitment to transparency, dialogue and constructive engagement within the WTO. Recalling the Indian philosophy of "Vasudhaiva Kutumbakam"—the world is one family—he emphasized that India will continue to work with all Members to strengthen the multilateral trading system so that international trade remains a force for shared prosperity, inclusive growth and sustainable development.

In his closing remarks, the Discussant, H.E. Mr. Guilherme de Aguiar Patriota (Brazil, in his personal capacity), observed that at a time of heightened global uncertainty, many Members expressed the expectation that India would continue to act as a bridge-builder by promoting dialogue, fostering consensus and strengthening a rules-based, inclusive and resilient multilateral trading system. He underscored India's unique position as a leading voice of the Global South and its important role in bridging differences among Members to advance collective action within the WTO.

In her concluding remarks, the Chair of the Trade Policy Review Body, Ambassador Nella Pepe Tavita-Levy of Samoa, noted that WTO Members widely acknowledged India's growing importance in the global economy and recognized its expanding role as a driver of global growth and trade. She also referred to the concerns raised by Members and expressed the hope that India would address them appropriately.

Overall, India's Eighth Trade Policy Review concluded on a positive note, underscoring the country's growing importance in the multilateral trading system and Members' expectation that India will continue to play a central role in strengthening and shaping the future of the rules-based global trading system.

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