New Delhi, Jan. 31 -- The Economic Survey 2024-25 has emphasized the need for India to remain competitive in global markets by reducing trade costs and improving trade facilitation.

The report highlighted that for the country to be competitive in the global market it should focus on enhancing participation in global supply chains is crucial for boosting export competitiveness.

The report said, "To remain competitive and enhance its participation in global supply chains, India must continue reducing trade costs and improving facilitation to boost export competitiveness".

On global trade dynamics the survey noted that the over the years, global trade dynamics have shifted from globalization to increasing trade protectionism, leading to u...