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India s services exports on rebound after COVID shock: Commonwealth Report
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Last Updated: Jul 13, 2021, 09:03 PM IST
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Synopsis
The 2021 Commonwealth Trade Review concludes that the Commonwealth countries are estimated to have lost up to USD 345 billion worth of trade in 2020, including USD 60 billion in intra-Commonwealth trade.
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According to the analysis, in 2019, India was the second-largest global exporter of ICT services (after Ireland), and the largest ICT exporter in the Commonwealth, with exports of these services totaling USD 70 billion.
India s monthly services exports have largely rebounded after an initial COVID-19 shock, finds a new Commonwealth trade analysis released in London on Tuesday.