India’s share in global exports of both goods and services has risen: Eco Survey

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India’s share in global exports of both goods and services has risen: Eco Survey - Economic Times

Quick Summary:

The Economic Survey 2023-24 was tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman on Monday.

However, even though there are chances of these geopolitical turmoil hindering global trade rebound, India might benefit because of its strong trade relations with many countries.“India has broad and diversified trade relationships with Asia, Europe, and the US,” it read.

However, there are still chances that geopolitical tensions and policy uncertainty could limit the scope of any trade rebound, the survey said.“While export growth is expected to improve in many economies as external demand for goods picks up, food and energy prices could again spike due to geopolitical events and climate disturbances.