Indian Exports - Key Trends & Opportunities
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 fastest-growing 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 ...