Global trade growth is likely to further diminish in the ongoing quarter, shows the latest data from the World Trade Organization (WTO). This might mean a hit for Indian export growth, which had started to look up in October, following a contraction in September. The index for WTO’s latest World Trade Outlook Indicator (WTOI) for October-December, issued on Monday, stood at 98.6, the lowest since October 2016.
All component indices are down. It was 100.3 for July-September; the baseline is 100 and indicates growth in line with medium-term trends. A reading higher than 100 ...
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