As per UNCTAD, what is India’s global rank in exports

Solution

According to United Nations Conference on Trade and Development (UNCTAD), India ranked 2nd globally in Telecommunications, Computer, & Information Services exports in 2024, commanding 10.2% of the global market share.  Significance of India’s Position: o India has consistently strengthened its IT and software exports, supported by major IT hubs like Bengaluru, Hyderabad, and Pune. o Strong domestic IT firms (TCS, Infosys, Wipro, HCL, etc.) and the rise of AI and cloud-based serviceshave fueled export growth. o Government policies such as Digital India, ITES (Information Technology Enabled Services) expansion, and incentives for software exports played a crucial role in India’s ranking.