The global economy is undergoing a structural shift, driven by heightened geopolitical tensions, supply chain disruptions, subdued industrial activity and shifting trade patterns. Amid these headwinds, the services sector has emerged as the principal engine of economic growth, resilience and cross-border integration, both globally and in India. As the country

The recent geopolitical climate arising from the Russia-Ukraine conflict, tensions in West Asia, rising trade protectionism and increasing geo-economic fragmentation is contributing to high trade and logistics costs and disrupting global supply chains. In this evolving environment, reducing trade costs and improving supply chain resilience have become key policy priorities for enhancing trade competitiveness.

Abstract: Mark Carney’s warning of “a rupture in the world order” captures the shifting foundations of the multilateral trading system ahead of the WTO’s Fourteenth Ministerial Conference (MC14). Once the anchor of a rules-based trade regime, the WTO is now grappling with both internal and external pressures.