Digital trade an important component of India’s economy

• Digital trade = cross-border commerce in digitally delivered services, electronic transmissions, and digitally-enabled goods; India is a global hub via its IT/ITES export engine.
• IT sector revenues exceeded USD 280 bn, exports USD 225 bn in FY 2024-25, employing >60 lakh people.
• India has concluded three FTAs with dedicated Digital Trade Chapters — with UAE, UK and EU — making digital trade a treaty-level pillar of foreign economic policy.
• Multilaterally, India shapes outcomes at WTO on the moratorium on customs duties on electronic transmissions.