- India ranks as the fourth-largest exporter of digitally delivered services, surpassing China in 2023.
- According to the WTO report, India’s exports of digitally delivered services reached $257 billion, marking a 17 percent increase from the previous year.
- The report highlights the significant role of artificial intelligence (AI) in boosting efficiency, innovation, and economic growth in the digital services sector.
India has achieved a significant milestone in digital services exports, emerging as the world’s fourth-largest exporter in 2023, according to a recent report by the World Trade Organisation (WTO). With exports of digitally delivered services amounting to $257 billion, India’s performance surpassed that of China, showcasing a remarkable 17 percent increase from the previous year.
The WTO report underscores the resilience of digital services trade amidst global economic challenges, with exports in this sector thriving even as trade in goods experienced a decline. Business, professional, and technical services accounted for the majority of world exports in digitally delivered services, followed by computer services and financial services.
Furthermore, the report highlights the growing significance of artificial intelligence (AI) in driving efficiency, innovation, and economic growth in the digital services industry. AI technologies, including content creation models, are poised to revolutionize various sectors, offering opportunities for cost savings, personalization, and job creation. As the global economy shows signs of improvement, the WTO anticipates continued growth in digital services trade, reflecting the evolving landscape of international commerce.
