Geneva: Global trade is set to expand by 3.3 per cent this year and 4 per cent next year on account of cut in protectionist measures and improving market access, according to the World Trade Organisation’s forecast.
The forecast is a good news for India which is aiming to increase its share in the global trade to 3.5% from the current 2% by 2020. It is aiming to nearly double its goods and services exports to USD 900 billion by 2019-2020.
