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India must invest in education, skilling, says WTO chief

September 14, 2024, 05:08 PM - 3 min read

“To increase its share in global trade, India could benefit from investing in education and skills training to address gaps in high-skilled labour, which may support growth in advanced manufacturing. This could help diversify its trade base and enhance its position in global trade,” WTO chief economist Ralph Ossa said in an interview with businessline.

The World Trade Organization (WTO) has forecasted a rebound in global trade for the year 2024, with an anticipated growth rate of 2.6%

Global trade to rebound in 2024 and 2.6% growth forecast: WTO

April 11, 2024, 09:39 PM - 2 min read

The report highlights a recovery in demand for tradable goods, with indices of new export orders indicating improved trade conditions at the beginning of the year. Looking ahead to 2025, the WTO forecasts a growth rate of 3.3%, with Asia projected to play a significant role in driving trade volume growth in both 2024 and 2025.

India has solidified its position as the fourth-largest exporter of digitally delivered services worldwide, making a substantial contribution to the global trade in services.

India takes lead over China in digital services exports: WTO Report

April 11, 2024, 02:00 PM - 2 min read

The report highlights a significant surge in global exports of digitally delivered services, which reached a staggering $4.25 trillion in 2023, marking a robust 9% year-on-year growth. This accounted for a substantial 13.8% of world exports of goods and services.