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    India wants to expand its share in global trade, but its exports basket is outdated

    Synopsis

    For a country that has a contribution of less than 5% in global trade, India’s dreams of achieving a $1-trillion exports target by 2025 mandates a closer look at what we export and what more we should.

    In the last couple of months, India’s exports have seen encouraging signs. In July, it jumped 47.9% year-on-year to $35.17 billion this year. Spurred by these numbers, the government has set a merchandise export target of $400 billion for 2021-22.However, the headline numbers don’t tell the entire story. A study by the Federation of Indian Export Organisations (FIEO), based on UN Comtrade data for 2016-2020, showed that while global imports grew
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    The Economic Times