Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance

The World Trade Organization (WTO) will conduct India’s 8th Trade Policy Review (TPR) on 21 and 23 July 2026, led by Commerce Secretary Rajesh Agrawal. This biennial review assesses India’s trade policies and practices, covering the period from 1 January 2021 to 31 December 2025, and is based on an official report submitted by India and a report prepared by the WTO Secretariat. The review mechanism, conducted by the Trade Policy Review Body (TPRB), ensures transparency and predictability in global trade by evaluating members’ trade policies at regular intervals determined by their share in world trade. For aspirants preparing for competitive exams like Bank PO, IBPS, SBI, RBI Grade B, and SSC, this event is significant as it highlights India’s evolving trade policies, digital initiatives like UPI, GST reforms, and resilience amid global uncertainties, which are often tested in sections covering governance, economy, and international organizations.

The review assumes importance for exam aspirants as it reflects India’s growing integration with global trade, evidenced by record exports of $863.1 billion in 2025-26 and strong engagement with Free Trade Agreements (FTAs). The 900+ questions posed by WTO members on digitalization, MSMEs, women’s participation in the economy, and initiatives like ‘Viksit Bharat’ and ‘Atmanirbhar Bharat’ underscore key policy areas that could feature in descriptive answers or objective questions in exams. Understanding the TPR process, its objectives, and India’s trade performance during the review period will help candidates answer questions related to WTO’s role, India’s trade reforms, and their impact on economic growth—key topics in Polity & Governance and Economy sections of these examinations.

Source: PIB (Press Information Bureau)

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