Global trade is cooling, according to the World Trade Organization. India’s exports are also falling, with major markets showing declines. This slowdown is linked to trade policy changes and rising domestic costs. The situation threatens to impact India’s economy as global demand weakens. Experts warn of further erosion of trade volumes in the coming year.
Global trade slowdown may expose India’s export vulnerability: GTRI
Indian export businesses face growing climate risks. Sectors like aluminium and steel are vulnerable to international regulations. Climate inaction threatens profits and operations. Extreme weather events already impact India significantly. By 2030, 4.5 percent of India’s GDP is at risk. Climate challenges could cost India over 10 percent of national income by century’s end.