 "WTO, World Trade Organization")
India’s exports are likely to face strong headwinds, with the World Trade Organization (WTO) on Wednesday sharply downgrading its forecast for global merchandise trade volume in 2025 — to a 0.2 per cent contraction from its earlier estimate of 2.7 per cent growth — after factoring in the 10 per cent baseline tariffs imposed by the US.
India’s exports in value terms grew 2.6 per cent in 2024, while imports rose 6.6 per cent during the calendar year.
However, the multilateral body warned that the reintroduction of now-suspended country-specific reciprocal tariffs by the Donald Trump administration, and spreading trade policy
