STRI: India rises on OECD index, still ranks fourth from the bottom

The 2022 STRI reflects restrictions that apply on key strategic services sectors such as rail freight transport, legal services and accounting, OECD said

India’s rank in services trade restrictiveness index (STRI) improved a notch to 47 from 48 among 50 countries surveyed by the Organization for Economic Co-operation and Development (OECD), as the sanctions-hit Russia slipped below India.  

The OECD STRI index covers the 38 OECD members, as well as Brazil, China, India, Indonesia, Kazakhstan, Malaysia, Peru, Russia, Singapore, South Africa, Thailand, and Vietnam. Apart from Russia, Indonesia and Thailand are the only two countries below India’s rank.

“The 2022 STRI of India is above the OECD average and high compared to all countries in the STRI sample. Market access to certain key