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India Outperforms Global Trade Average as Services Drive Exports
The Statesman Kolkata
|March 16, 2025
India outperformed global trade averages with services exports driving growth as total world trade hit a record $33 trillion in 2024, expanding 3.7 per cent, according to the latest Global Trade Update by UN Trade and Development (UNCTAD).
However, the report warns that while global trade remains strong with a $1.2 trillion year-on-year increase in 2024, uncertainty looms in 2025.
Services drove growth, rising 9 per cent for the year and adding $700 billion—nearly 60 per cent of the total growth. Trade in goods grew 2 per cent, contributing $500 billion, according to the report.
Cette histoire est tirée de l'édition March 16, 2025 de The Statesman Kolkata.
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