India’s merchandise export value in calender year 2023 decreased by 5 per cent over CY 2022, mirroring global trends even as overall export growth for the year recorded a positive trend, pushed by a significant 9.9 per cent increase in services exports, again in sync with global trends, according to the World Trade Organisation’s Global Trade Outlook and Statistics report. The report has projected that the world merchandise trade volume will grow by 2.6 per cent in 2024 and the growth will continue at 3.3 per cent in 2025.
In merchandise trade, where exports are concerned, India ranked 17th globally, with a 1.8 per cent share in world trade, amounting to USD 432 billion, a 5 per cent decrease from 2022. India’s country rank improved from 18 in 2022 to 17 in 2023. India ranked 8th in imports, holding a 2.8 per cent share, with the value at USD 673 billion, marking a 7 per cent decline from the previous year. India’s country rank improved from 9 in 2022 to 8 in 2023.
In the area of commercial services trade, India ranked 7th globally in exports , capturing a 4.4 per cent share of the global market at USD 344 billion, which is an 11 per cent increase over 2022. India’s country rank remained the same as in 2022. Imports of commercial services ranked 9th globally, capturing a 3.4 per cent share of the global imports at USD 247 billion, with country rank decreasing from 8 in 2022 to 9 in 2023.
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RAIL PSUs UNDER SCRUTINY FOR GIVING UNAUTHORIZED FINANCIAL INCENTIVES
Railtel sources said that despite the body having its own cadre that is enough to handle the operations, successive CMDs are bringing officials close to them on deputation to the PSU.
Is China swindling Nepal over repayment of Pokhara airport loan?
It has been claimed that China's loan to Nepal is being serviced at 5% and not 2%, as publicly claimed by China.
Has American democracy become a farce?
The numerous think-tanks that routinely place India at near bottom in democracy and media freedom rankings havenât uttered a word about how this trial of Donald Trump is a direct and frontal assault on democracy.
CAN INDIA FOSTER PEACE BETWEEN RUSSIA AND UKRAINE?
Will India join the upcoming Switzerland peace summit aimed at ending the ongoing Russia-Ukraine crisis and bringing peace in the region? Switzerland is all set to host the summit on 15-16 June.
Will political parties agree on one nation, one election?
Will political parties that are continuously complaining about the system during the elections, be ready to pass a unanimous proposal in Parliament for election reforms?
FIVE REGIONAL PARTIES STRUGGLE FOR SURVIVAL
The leaders of these parties do not have clarity about their political future and therefore are jumping over to other parties.
Did playing the caste card help the Opposition?
Rahul forgot that Indira and Rajiv Gandhialways maintained a distance from caste politics. He got it into his head that caste was the way forward.
EXIT POLLS SUGGEST A TIGHT RACE IN MAHARASHTRA
There could be a tight race in Maharashtra with NDA and I.N.D.I.A bloc running neck and neck.
HOW EXIT POLLS FARED IN 2014 AND 2019
Exit polls predicted the NDA forming government easily. Yet no exit poll could predict the rout of UPA in both the Lok Sabha elections.
HIMACHAL PRADESH WITNESSES HIGH VOTER TURNOUT IN FINAL PHASE OF ELECTION
High voter turnout marks the final phase of Himachal Pradesh's Lok Sabha and Assembly bypolls: prominent leaders cast ballots early