- As per the report, India, China and South Africa performed ‘relatively better’ in import-export trade activities during the 1st quarter of 2021.
- India’s import increased by 45% and export increased by 26% in Q1 2021, as compared to the average value in 2020.
- India’s service imports increased by 14% and service exports increased by 2%.
- At the global level, the trade activities have increased by 10%, which is an increase of 3% compared to Q1 2019.
- At the global level, the overall forecast for 2021 is predicted to be 16% for global trade, 19% for goods and 8% for services.
- Static Part:
- HQ of UNCTAD: Geneva, Switzerland
Question:
Q.1 As per the ‘Global Trade Update’ for May 2021 of UNCTAD, which country performed ‘relatively better’ in import-export trade activities during the 1st quarter of 2021?
a. India
b. China
c. South Africa
d. All of the above
a. India
b. China
c. South Africa
d. All of the above
