Pandemic travel restrictions inflict substantial toll on global growth and trade: report
The Hindu
With travel bans around the globe for the last year and half after the COVID-19 pandemic, a new report from The Conference Board has revealed that these restrictions are inflicting a substantial toll
With travel bans around the globe for the last year and half after the COVID-19 pandemic, a new report from The Conference Board has revealed that these restrictions are inflicting a substantial toll on global trade and the industry may recover to 50 % of the 2019 level only by the end of 2021. The pandemic- induced lockdown has had a cascading effect on 334 million people worldwide directly dependent on the travel and tourism sector, says The Conference Board, a US-based member-driven think tank.
According to recent Foreign Trade Performance Analysis data, India’s overall exports remained resilient in late 2025, even as traditional sectors faced sharp declines. While shipments of gems and jewellery to the U.S. plummeted, the overall figures were bolstered by a massive 237% surge in telecom exports, particularly smartphones. Data shows that Indian exporters are aggressively diversifying their portfolios. By deepening ties with existing partners and discovering new alliances, India is replacing lost U.S. sales with a more diversified set of trade partners
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