November 29, 2020

Competitiveness unchecked: The story of India’s exports and factors impeding growth


India’s share in world exports has increased from 0.6% in 1991 to 1.7% in 2018 but remains paltry compared with China’s 12.8%. Moreover, the country’s exports have hovered around $300 billion since 2011-12. Kirtika Suneja takes a look at India’s exports and the factors impeding their growth.

1

HIGH COSTS

2

REGULATORY HURDLES

3

LOPSIDED FTAs ADDED TO WOES

1

TRADE DEFICIT ($ BILLION)

8

INVERTED DUTY STRUCTURE

5

SHARE OF INDIA’S INTERNATIONAL
TRADE IN GDP

4

INDIA’S SHARE IN WORLD’S TOTAL TRADE

6

ACTION PLAN

9

POTENTIAL EXPORT DRIVERS

  • Rice
  • Oilcake, residue from soybean oil
  • Insecticides and similar products
  • Specified woven fabrics of cotton
  • Semifinished products of iron or nonalloy steel
  • Structures and parts such as bridges etc.
  • Spark-ignition or internal combustion engines
  • Certain motorcycles and cycles





Source link