According to a UNCTAD report, India's services exports increased 11.4 percent to USD 345 billion in 2023 despite global economic uncertainties.

International

According to a UNCTAD report, India's services exports increased 11.4 percent to USD 345 billion in 2023 despite global economic uncertainties, while China's shipments from the sector contracted by 10.1 percent to USD 381 billion. Sectors that contribute to India's services export growth include travel, transport, medical and hospitality. With an 8.9 percent annual rise in current dollar value terms, the world services exports surpassed USD 7.9 trillion in 2023. The leading exporters among developing economies include India, China, Singapore, Turkiye, Thailand, Mexico, and Saudi Arabia. India's services imports, however, dipped marginally by 0.4 percent to USD 248 billion last year.


     

     

     

 

     


United Nations Conference on Trade and Development (UNCTAD)

Founded- December 1964
HQ- Geneva, Switzerland
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