INDIAN EXPORTS
KEY TRENDS & OPPORTUNITIES
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In recent years, India has emerged as a significant export of goods and services. The country now ranks third globally in terms of merchandise exports after China and the United States.
India is the largest importer of goods and services among developed countries. In 2017, its imports totalled $1.2 trillion, accounting for nearly half of global trade flows. This trend is expected to continue over the next decade as developing economies such as China and Brazil are expanding their manufacturing capabilities.
India’s economic reforms have helped boost its economy. Its GDP grew at 7.5% in 2016, compared to 4.4% in 2013. As a result, India is poised to become one of the fastestgrowing economies in the world.
The Indian economy is on the upswing, and exports are playing a pivotal role in driving this growth. In FY2017, exports accounted for nearly 20% of India’s GDP.
What are the key trends and opportunities driving Indian exports? Let’s take a closer look:
• Rising demand for Indian goods and services: Thanks to India’s strong economic growth, there is increasing demand for Indian goods and services around the world. This is especially true in fast-growing markets like Africa and Asia.
• Favorable government policies: The government of India has been supportive of exportled growth and has put in place several initiatives to promote exports from the country. These include launching an Export Promotion Council (EPC) for each sector, providing financial assistance through interest subvention schemes, setting up special economic zones (SEZs), etc.
• Diversification of export products and destinations: India’s export basket is diversifying both in terms of products as well as destination countries. This provides excellent stability to overall export earnings as it reduces dependence on any one product or market.
WHAT ARE THE KEY TRENDS DRIVING INDIA’S EXPORT GROWTH?
Several factors have driven India’s export growth in recent years:
• The country has benefited from strong global economic growth, which has led to increased demand for Indian goods and services.
• The Indian government has implemented several reforms that have made it easier for businesses to export their products and services.
• Several critical trends are driving India’s export growth. One of the most critical trends driving India’s export growth is the rise of e-commerce. This is particularly important in markets such as China, where online sales are multiplying. By selling its products and services online, India can reach a much larger market than it would be able to if it relied on traditional channels such as brick-and-mortar stores or trade fairs. Additionally, e-commerce allows Indian businesses to sell directly to consumers in other countries without having to go through intermediaries such as distributors or retailers. This can help them save on costs and increase their margins
Another trend that is driving India’s export growth is the increasing demand for skilled workers from developed countries. In recent years, there has been an influx of highly skilled workers from countries like China and India into developed economies like the United States. This trend is likely to continue in the future as more companies seek out talent from these regions. As a result, there will be increased demand for Indian exports, such as IT services and engineering work. Kunal International India can help you take advantage of this opportunity by providing you with access to our vast network of talented professionals across different industry verticals.
How does India compare to other emerging markets?
India is one of the world’s fastest-growing economies. It is expected to continue to grow at a rapid pace in the coming years. India has a large population, a young workforce, and a rapidly growing middle class compared to other emerging markets. These factors make India an attractive market for businesses looking to expand their operations.