Highlights of the Survey
- The 2022 STRI of India is above the OECD average and high compared to all countries in the STRI sample.
- 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.
Key facts about the Services Trade Restrictiveness Index (STRI)
- It was launched in 2014 and provides information on regulations affecting trade in services in 22 sectors across all member countries.
- The regulatory database and indices are updated annually in December.
- There is also a Digital STRI that identifies, catalogues, and quantifies cross-cutting barriers that affect services traded digitally.
- Scoring: This index takes values between zero and one, one representing a totally closed and zeros a fully open sector.
Q1) What is the aim of OECD?
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.