India Leads in Digital Services Exports in 2023, Surpassing China
| Aspect | Details |
|---|---|
| Event | India emerges as a frontrunner in digital services exports in 2023. |
| Source | World Trade Organisation (WTO) report. |
| India's Digital Services Exports | $257 billion, a 17% increase from the previous year. |
| Comparison with Other Countries | Outpaced Germany and China, which registered 4% growth each. |
| Global Digitally Delivered Services | $4.25 trillion, representing 13.8% of global exports of goods and services. |
| Regional Growth in Exports | Europe: 11%, Asia: 9%. |
| Composition of Digital Services | Business, professional, technical services, computer services, financial services, and intellectual property-related services. |
| Impact of AI | AI integration enhancing efficiency, innovation, and economic growth. |
| Global Trade Outlook (2024) | 2.6% increase in goods trade volume expected. |
| Global Trade Trends (2023) | 5% decline in goods trade value; 9% growth in commercial services ($7.5 trillion). |