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India Ranks Fourth in Digital Services Exports
- 13 Apr 2024
On 10th April 2024, World Trade Organisation (WTO) reported a 9% increase in global digital services exports, reaching $4.25 trillion in 2023.
Key Points
- Continued Growth Amidst Global Trade Decline: Digital services exports thrive with an 11% rise in Europe and 9% in Asia, contrasting with the decline in goods trade.
- Service Breakdown: Business, professional, and technical services dominate with 41.2%, followed by computer and financial services.
- AI Pioneers Innovation in Digital Services: WTO highlights AI's rapid adoption, enhancing efficiency, innovation, and job creation in digital services.
- Optimistic Outlook: Rebound in Global Trade: WTO forecasts a 2.6% increase in global trade in 2024 after a 1.2% decline in goods trade volume.
- Expanding Digital Horizons: International trade embraces digitally deliverable services, reshaping industries and economies worldwide.
State In News
State In News
State In News
- Andhra Pradesh
- Arunachal Pradesh
- Assam
- Bihar
- Chhattisgarh
- Delhi
- Goa
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu And Kashmir
- Jharkhand
- Karnataka
- Kerala
- Ladakh
- Madhya Pradesh
- Maharashtra
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Odisha
- Punjab
- Rajasthan
- Tamil Nadu
- Telangana
- Tripura
- Uttar Pradesh
- Uttarakhand
- West Bengal