WTO’s WTSR 2023 Report: India Ranked 18th

Current Context: World Trade Statistical Review 2023 report by the World Trade Organization provides key data and analysis on global trade in merchandise and commercial services in 2022 and early 2023.

• According to the report, India ranked 18th among the leading exporters in world merchandise trade in 2022, with a value of $453 billion and a share of 1.8%.
• India also ranked 9th among the merchandise importers, with a value of $723 billion and a share of 2.8%1. India performed better in world trade in commercial services, ranking 7th among exporters and 9th among importers.
• The report also highlights the impact of the COVID-19 pandemic, the war in Ukraine, inflation, monetary tightening, and debt distress on world trade and economic growth.

Question:

Q.1 What was India’s rank among the leading exporters in world merchandise trade in 2022?
a. 7th
b. 9th
c. 18th
d. 28th