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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Factors that have improved since 2022 are a strong focus on data standardization, IT stack and
application portfolio modernisation, and embracing Cloud over on-premise. Companies have also taken
measures to formalize AI risk, ethics, and governance frameworks.

Furthermore, the report also highlights the factors that need urgent attention. These factors include
leadership commitment to AI being inconsistent, which is reflected in ad-hoc, budgeting, and execution;
use case selection is a major challenge; and AI-led innovation—self- or partner-led—being very nascent
and lagging.

9. India to drive 6% of world trade growth in 5 yrs, 3rd to US, China: Report

India is estimated to contribute 6 per cent to global trade growth over the next five years, according to
the 'DHL Trade Atlas 2025' report, jointly published by New York University’s Stern School of Business
and German logistics brand DHL.

The report, which gives an analysis of trade patterns for nearly 200 countries and territories worldwide,
states that India’s share in global trade expansion will follow that of China, which is expected to
contribute 12 per cent, and the United States, projected at 10 per cent.

India also stands out as the country with the third-largest absolute amount of forecast trade growth (6
per cent of additional global trade), behind only China (12 per cent) and the United States (10 per cent)
according to the report. It noted that globally, trade growth has continued to show resilience amid
geopolitical tensions and trade policy uncertainty.

According to the report, India is expected to retain its third spot on the scale dimension, which it
achieved due to its trade growth that was much faster than other large economies. India is also
expected to rise to 17th place on the speed dimension metric, up from its current position at 32.

The report highlights that while India was ranked only as the 13th largest participant in international
trade in 2024, its trade volume grew at a compound annual rate of 5.2 per cent between 2019 and 2024,
significantly outpacing the global trade growth rate of 2.0 per cent during the same period.

According to the report, India's rapid trade growth reflected both its swift macroeconomic growth and
its increasing participation in international trade. While China is often viewed as a more trade-oriented
economy than India, India’s goods trade-to-GDP ratio was almost as high as China’s in 2023, and India’s
trade intensity exceeded China’s when considering trade in both goods and services.

On future global trade growth leaders, the report states that during the next five years, India, Vietnam,
Indonesia, and the Philippines are forecasted to rank among the top 30 for both speed and scale of
trade growth.

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