Challenges of indian export
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This document discusses India's exports and strategies to increase them. It defines exports as goods transferred legally between countries for trade. The top export commodity for India is leather. Major challenges to exports include dumping by other countries and stabilizing the economy. The document recommends focusing trade policy on key labor-intensive sectors based on comparative advantage like leather, textiles, toys and footwear. It also suggests diversifying export markets while strengthening traditional partners. Developing manufacturing clusters and consistent long-term trade policy could help achieve the target of $64 billion in annual exports.
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Challenges of indian export
- 2. Exports • Export means the transferring of any good from one country to another country in a legal way for the purpose of trade. • Export goods are provided to the foreign consumers by the domestic producers. • It is a trade between two countries governments. • If the Indian economy grows at the same pace, India would most definitely export goods worth by and may supersede the exports of other large developing countries like Brazil.
- 8. Major Challenges • Prevent Dumping of goods by other countries. • Stabilize economy and sustainability In rupees value. • Increase productivities of Raw materials & products. • Discourage people for exporting foreign items. • Exemption in custom duties for exporters. • Promote small & medium enterprises. • Attract foreign companies by FDI & FII.
- 10. Need to Change In Strategies • Trade policy must offer preferential treatment to key labour-intensive sectors instead of giving blanket concessions to all sectors. • Identification of sectors must be on the basis of comparative advantage. • Sharpening policy focus on leather, textile , crocheted apparel, toys and footwear. • Concentrated focus on high-value products. • India's level of export sophistication for high-value.
- 11. • Trade policy should have a balanced focus between strengthening exports to conventional trade partners (US and EU) and diversifying into new markets. • National Manufacturing Policy that envisages greater harmony between manufacturing and trade policy must be implemented. • We must develop a cluster-based SEZ approach, with government support in infrastructure and IT.
- 12. • The government should formulate a consistent, reliable and long-term trade policy with lower tariffs to help India attain prominent place in global exports. • With these policies we can achieve target of 64$ annual exports of commodities.
- 13. Thank You