The New Year has begun with some cheerful news, especially for the Pharmaceutical Industry. With covid-19 vaccines getting approved, India is likely to begin exporting them soon. The country makes about 60% of vaccines globally. In addition, according to the Ministry of Commerce's preliminary data, India’s exports slipped marginally by 0.8% in December 2020, with essential goods continuing to perform well. After a nine-month gap, Indian imports in December registered a positive growth of 7.6%. On another hand, in its latest Trade Policy Review for Asia, WTO asked India to lower down the average tariffs to ensure stable supplies of key products. Will India accommodate WTO's suggestions in the upcoming Exim policy 2021-26 -- only time could tell.