1.3 India’s Emerging Global Market Position Across Various Sectors —

• India’s pharmaceutical market ranks third in the world by volume.
• For encouraging green infrastructure India issued ₹16,000 crore Green Bonds in early 2023 and additional funds in late 2023.
• India is the only G20 nation in line with the “2 degree goal” to combat global warming.
• India holds second position in the world for cloth manufacturing.
• India’s microfinance sector is the second largest in the world, after China.
• India’s rank improved to 38th in 2023 in the World’s Bank Logistics performance index.
• India is the top remittance recipient country in the world.