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.
2. 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.
3. 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 export-
led 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.
4. 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
WHAT ARE THE KEY TRENDS DRIVING
INDIA’S EXPORT GROWTH?
5. 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.