E-Commerce exports from India: The engine for USD 1 trillion goods exports by 2030 – Part 1
This is the first part in the two part series where we shall look at the e-commerce exports from India. The first part sets the context, and the second part delves into the policy and regulatory aspects. The post was first published at Swarajya magazine at: https://swarajyamag.com/economy/this-category-in-e-commerce-can-fuel-indias-journey-to-1-trillion-in-exports-by-2030 India has set a goal of reaching USD 2 trillion in exports by 2030 - 1 trillion of this amount from exporting goods/merchandise and 1 trillion from services exports. This target was announced on the back of a record 776 billion USD of total exports achieved during FY23 – out of which USD 451 billion came through export of goods and USD 325 billion through services. This financial year (FY24), though, because of global challenges, the combined exports in goods and services during April-Jan 2024 have remained stagnant at around USD 640 Billion, and it’s expected that the total exports would remain in the same ballpark