India could see another round of major reform announcements by Diwali as the government steps up efforts to boost manufacturing competitiveness and rebalance trade, NITI Aayog CEO BVR Subrahmanyam said on Sunday.

A senior government official added that the government is examining reforms across 13–14 key sectors, with a particular focus on trade and MSMEs. “One of our immediate priorities is trade and MSME reforms,” he said. Advertisement

The Trade Watch Report, he added, exposes the deep imbalance in India’s current trade composition. “Our trade is very, very unbalanced. It is concentrated in a few products—and in the wrong products. We trade stuff that the rest of the world doesn’t trade in large quantities. Maybe we were dominant long ago in certain products that were once globally t

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