ENA Global 2023-07-05 17:15:40 <p><span style="font-size:14px"><strong>New Delhi, July 5 (KNN)</strong> India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005, according to a World Bank and World Trade Organization (WTO) report.</span></p> <p><span style="font-size:14px">China and India doubled their share of global commercial services exports from 2005 to 2022, from 3.0% to 5.4%, and from 2.0% to 4.4%, respectively, it said.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The report titled 'Trade in services for development' also said that in India, South Africa and T&uuml;rkiye, jobs directly linked to cross-border services exports account for more than 10% of total services sector jobs.</span></p> <p><span style="font-size:14px">The developing economies' impressive trade performance under this expanded measure of trade in services is largely due to four economies that rank as leading services exporters and importers-- China; Hong Kong; Singapore; India, the report said.</span></p> <p><span style="font-size:14px">It added that India and the Philippines will need to upskill and reskill their workforces and invest in the development of their domestic services sectors &mdash; particularly in terms of R&amp;D to keep pace with rapidly changing technology and still remain competitive and progress up the value chain.</span></p> <p><span style="font-size:14px">India has become a popular destination for medical travel, and hosted around 3.5 million foreign patients from 2009 to 2019, the report said.</span></p> <p><span style="font-size:14px">Foreign patients from developed countries such as the United Kingdom and the United States, as well as from developing countries such as Bangladesh, Nepal and Sri Lanka, go to India in search of less costly, high-quality treatment, according to the report. <em><strong>(KNN Bureau)</strong></em></span></p> 33967 https://knnindia.co.in/news/newsdetails/global/indias-share-of-global-commercial-services-exports-doubled-from-2005-to-2022-world-bank-wto-report 2023-07-05 17:15:40 knnindia.co.in