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Prospects of Exports from India
Exports are a vital component of a dynamically growing economy like India. Supported by market resilience and dynamism, India’s exports have undergone significant changes in the recent years in terms of volume, structure and direction. The Government of India has been undertaking several measures to boost the exports growth trajectory through the development of ease of doing exports from India. However, the growth of exports has been at around 9% to 10% during the last few years. Going ahead, improved global demand along with recent reforms in policies and procedures at domestic front have created a great opportunity to strengthen the ease of doing exports from India. At this juncture, it becomes imperative to evaluate the performance of the India’s structure of exports. The focus of this paper is to identify the top twenty five export items from India, India’s position in the world trade among these items and to ascertain the leading competitors in the same product categories, so that India’s strengths and possible opportunity areas could be identified in order to foster an enhanced an enhanced exports growth.
India, Exports Growth, Structure and Direction of India’s Exports, Economic Growth.
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