World Trade Organization (WTO), India led the G7 nation in terms of growth in merchandise exports which stands at 47% year-on-year in the January – July quarter. The Centre government informed that the country's exports are growing at a faster rate compared to earlier. Official Twitter handle MyGov, the Centre stated that India has beaten all G7 nations to report the highest growth in merchandise exports. According to the data released by the World Trade Organization (WTO), India led the G7 nation in terms of growth in merchandise exports which stands at 47% year-on-year (YoY) in the January – July quarter.
MyGov tweeted, “India's exports are growing faster than ever, #TransformingIndiapmop.” As per the data shared by the Centre, India led the chart by a long way noting 47% growth while Italy came second posting 33% and Canada came third with 32% growth. The top three nations were followed by France, Germany, Japan and US with 27, 26, 25 and 24 per cent respectively.
The World Trade Organization (WTO) data also showed that the 47% growth rate shown by India is the country’s all-time high in exports. As for the January – July (2020 & 2021) period, India stood first among the major world economies in terms of growth rate in exports. The country is followed by China with 34% and the European Union with 27%.
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