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India's Trade Momentum Strong: UNCTAD
Mint Chennai
|March 24, 2025
Global trade imbalances widened in 2024, nearing levels last seen in 2022, according to trade data trends
India's trade performance remained strong in 2024, defying global economic uncertainties, with exports growing 6.3% for the calendar year, significantly outpacing global trade growth of 3.7%, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD).
India, alongside the US and China, played a key role in driving global trade, which saw an overall increase of nearly $1.2 trillion, as per the report. While trade in goods recorded a modest growth, services led the surge, contributing $700 billion to the global trade expansion, compared to $500 billion from goods.
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