How cross-border trade in services will help businesses grow in a post-pandemic world
According to a study by HSBC, services’ contribution to world trade rose from 20 percent in 2011 to 23 percent in 2015, a growth rate that surpassed even goods exports. The report estimated that this share would continue to expand and rise to 25 percent by 2030.
However, the outbreak of the Coronavirus pandemic led to a stall in all economic activity. While this primarily impacted the trade in goods, services that rely on physical proximity also have suffered while those traded over the internet fared better. These include sectors like financial, telecom, and computer-related services which could be delivered online with a work-from-home staff. Today, more businesses are transitioning online and reaching out not only to a nation-wide audience but also to markets across the globe.
To further help this growth, PayPal and YourStory have partnered to organize a series of webinars focused on helping Indian businesses scale operations and leverage this new global opportunity.
Join business leaders as they discuss emerging opportunities, the trends in the global services sector, what services are available in a post-pandemic world.
The first webinar Understanding the cross border opportunity in services will be held on 10th July at 4 pm. The hour-long session will feature a panel discussion with the expert panel, followed by a Q&A session.
The webinar will feature guest panellists Aniketh Jain, Chief Revenue Officer, Kaleyra; Venkatesh Sunder and Chief Marketing Officer, Indusface, and Nath Parmeshwaran, Director, PayPal India. The session will be moderated by Dr. Madanmohan Rao, Research Director, YourStory.
Navin Mistry Director of Growth - SMB and New Initiatives, PayPal India will also host a special session for the attendees.