Global trade growth likely to further diminish in the ongoing quarter: WTO

After falling 2.1% in September, year-on-year, India's export rose 17.9% last month

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 suggests above-trend growth; below 100 indicates the