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Electronics and services exports to contain slide in growth rate of trade
The Business Guardian
|December 18, 2023
In the dynamic world of international trade, India faces a complex scenario as it endeavors to navigate global challenges and capitalize on potential opportunities.
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A recent report by the Global Trade Research Initiative (GTRI) sheds light on the country’s trade prospects for 2023. Despite an anticipated 2.6% decline in overall trade, the report underscores the resilience in specific sectors, such as electronic goods and services. This comprehensive analysis delves into the factors influencing India’s trade dynamics, examining both the areas of growth and the sectors grappling with challenges.
The GTRI report projects a 2.6% decline in India’s exports and imports of goods and services, reaching $1,609 billion in 2023 compared to $1,651.9 billion in the previous year. This aligns with a global trend, where the World Trade Organization (WTO) forecasts a meager 0.8% growth in the global merchandise trade volume for 2023.
Cette histoire est tirée de l'édition December 18, 2023 de The Business Guardian.
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