“The developing economies’ impressive trade performance under this expanded measure of trade in services is largely due to four economies that rank as leading services exporters and importers- China; Hong Kong, China; Singapore; India,” they said in the report.
India’s 2022 global commercial services exports share doubled to 4.4%: WTO-World Bank
The announcement of India’s foreign trade policy 2023 earlier this year gave companies a road map for navigating the constantly shifting global trade market. The new strategy intends to boost manufacturing competitiveness, export growth, and ease of doing business. The policy’s emphasis on fostering sustainable and ecologically friendly trade practises is among its noteworthy aspects. […]