Start learning 50% faster. Sign in now
The World Trade Organization (WTO) released its 2023 edition of the World Trade Statistical Review (WTSR), its annual flagship publication featuring key data on global trade in merchandise and commercial services.It presents recent trends in international trade at a time of geopolitical and macroeconomic strains and technological challenges affecting the global economy and supply chains. Trade in goods and services amounted to $31 trillion in 2022, a 13 per cent rise year-on-year (Y-o-Y). While trade in goods exceeded pre-pandemic levels in 2021, trade in services caught up in 2022. China remained the top merchandise exporter in 2022 but its share in world exports declined to 14 per cent (from 15 percent in 2021). The United States (8 per cent of world trade) and Germany (7 per cent) were ranked in second and third positions. The share of manufactured goods in world merchandise exports fell to 63 per cent in 2022 (versus 68 per cent in 2018) mainly due to high energy prices limiting demand. The WTSR ranks India 18th in the list of merchandise exporters with exports of $453 billion and 1.8 per cent of global merchandise trade share. India is ranked 7th in the list of services exporters with exports of $309 billion and 4.4 per cent of global services trade share. India was 9th largest goods importer with imports of $723 billion and 3.4 per cent share of global merchandise imports. India is ranked 9th in the list of services importers with imports of $249 billion and 3.8 per cent share of global services imports.
Select the option that expresses the given sentence in direct speech.
The officer ordered the fellow to be arrested.
Select The Correct Direct / Indirect Form of the given sentence.
'Aren’t you going to put the boots in ?' said Ramesh.
She always took her medicines on time.
The student said, "I must study hard."
Select the correct direct form of the given sentence.
Tom said that he would paint the fence himself.
Choose the option that is the indirect form of the sentence.
“Get out of this room”, the officer shouted at the cadet.
Ramesh asked me to bring him a glass of water.
Choose the option that is the direct form of the sentence.
Jai said that he wanted to be a soldier.
Select the most appropriate indirect form of the given sentence.
Walter said to David, “ I am looking forward to tomorrow’s auction.”
Select the correct direct form of the given sentence.
Ishmit told his mother that someone had come to see her that day