
India should target $350 bn exports through e-commerce by 2030; needs separate policy: GTRI
The Hindu
GTRI said the current e-commerce export provisions in India are a patchwork over the rules framed for regular B2B exporters
India should target $350 billion worth of goods export through e-commerce by 2030 and for that the government needs to address pain points of the sector by taking steps like formulating a separate policy, a report by economic think-tank GTRI said.
The Global Trade Research Initiative (GTRI) said the current e-commerce export provisions in India are a patchwork over the rules framed for regular B2B (business-to-business) exporters.
India's e-commerce exports have the potential to grow at a faster pace than its IT exports did in the early 2000s, it said.
With Global business-to-consumer (B2C) e-commerce exports estimated to grow from $800 billion to $8 trillion by 2030, India's strengths in high-demand customized products, expanding seller base, and higher profit margins per unit of export place it in a prime position to benefit from this trend.
GTRI has identified 21 action points for accelerating the country's exports through online medium.
India's current e-commerce export numbers remain far below their potential. Currently, e-commerce exports account for only $2 billion, less than 0.5% of the country's total goods export basket.
“The country must plan to export $350 billion, or about one-third of its total goods, through e-commerce by 2030. This will require focus on developing the ecosystem for e-commerce exports to fully realize its potential,” the report said.

Adani Krishnapatnam Port handles 5.85 MMT of cargo in June, sets record for second consecutive month
Adani Krishnapatnam Port achieves record-breaking cargo volume, cements position as leading logistics hub on India's eastern coast.