World trade in services is recovering but is yet to reach pre-pandemic levels, said the World Trade Organization (WTO) on Thursday.
This implies that the impact on India’s exports may see only marginal improvement.
The services trade barometer showed a reading of 102.5, suggesting that the volume of services trade during April-September will continue to recover, once official statistics are available.
“However, the fact that the indicator has recently turned downwards suggests that the expansion may proceed along a new, lower trajectory if the Covid-19 pandemic turns out to have a persistent impact on services trade,” said an official statement.