{"id":3134,"date":"2023-02-17T11:10:08","date_gmt":"2023-02-17T05:40:08","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=3134"},"modified":"2025-03-26T10:31:24","modified_gmt":"2025-03-26T05:01:24","slug":"services-trade-restrictiveness-index-stri","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/services-trade-restrictiveness-index-stri\/","title":{"rendered":"Services Trade Restrictiveness Index (STRI)"},"content":{"rendered":"<h2>Highlights of the Survey<\/h2>\n<ul>\n<li>The 2022 STRI of <strong>India is above the OECD average<\/strong> and high compared to all countries in the STRI sample.<\/li>\n<li>India had been progressively introducing reforms over the past years, contributing to a slight liberalisation of services trade in some sectors, most notably between 2018 and 2021.\u00a0<\/li>\n<\/ul>\n<h3>Key facts about the Services Trade Restrictiveness Index (STRI)<\/h3>\n<ul>\n<li>It was launched in 2014 and provides information on regulations affecting trade in <strong>services in 22 sectors across all member countries.<\/strong><\/li>\n<li>The regulatory database and indices are updated annually in December.<\/li>\n<li>There is also a Digital STRI that identifies, catalogues, and quantifies cross-cutting barriers that affect services traded digitally.<\/li>\n<li><strong>Scoring:<\/strong> This index takes values between zero and one, one representing a totally closed and zeros a fully open sector.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is the aim of OECD?<\/h3>\n<p>The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Its goal is to shape policies that foster prosperity, equality, opportunity and well-being for all.<\/p>\n<p><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/www.business-standard.com\/article\/economy-policy\/india-s-rank-improves-in-oecd-services-trade-restrictiveness-index-123021601063_1.html\" target=\"_blank\" rel=\"nofollow noopener\"><u>\u00a0STRI: India rises on OECD index, still ranks fourth from the bottom<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2022 STRI of India is above the OECD average and high compared to all countries in the STRI sample.<\/p>\n","protected":false},"author":5,"featured_media":3135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=3134"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/3134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/3135"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=3134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=3134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=3134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}