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Thursday, July 21, 2011

GLOBAL ECONOMY: India ranks 10th in services export!

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PTI / The Hindu / NEW DELHI, July 21, 2011.

India achieved tenth rank in export of services worldwide, while emerged as the 20th biggest merchandise exporter in 2010, according to a latest WTO report.
In 2009, the country stood at the 12th and 22nd position globally in services and goods exports, respectively.
In value terms last year, India exported services and merchandise worth $110 billion and $216 billion, respectively, the ‘World Trade Report 2011' said.
India's goods exports went up by 31 per cent in 2010, helping the country to expand its market share to 1.4 per cent from 1.2 per cent in 2009.
According to industry experts, increasing demand for Indian goods in new markets like Latin America and Africa are helping in boosting the country's exports.

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