India Targets Doubling Exports by 2030
ECONOMY & POLICY

India Targets Doubling Exports by 2030

India's merchandise exports witnessed a slight downturn, dipping by over 3 per cent to USD 437 billion in the fiscal year 2023-24, while imports saw a sharper decline of 5.7 per cent to USD 675.4 billion during the same period. In response to these figures, the Ministry is setting ambitious targets, aiming to more than double the country's outbound shipments of goods by 2030.

Explaining the rationale behind this endeavor, a senior official emphasized the necessity of additional infrastructure and logistics capacity at key transport hubs including roads, ports, airports, and railways. The aim is to handle a projected trade volume of USD 2.5 trillion, which includes both exports and imports.

The correlation between higher exports and imports underscores the need for synchronized infrastructure development. This entails not only increasing capacity but also identifying industry clusters that will experience significant movement of goods. The ministry anticipates receiving a comprehensive report on these requirements by around August-September.

Upon receiving the report, the commerce ministry plans to collaborate with relevant ministries such as shipping, aviation, roads, and railways to assess investment needs for capacity development. Preliminary estimates suggest a substantial increase in infrastructure requirements, including additional capacity for ports, railways, and airports.

The study also aims to pinpoint specific infrastructure needs at exit points and identify clusters where goods movement will be most pronounced. Sectors expected to drive India's export growth include electronics, pharmaceuticals, marine products, and engineering.

Notable clusters for these industries include Chennai (Sriperumbudur) and Bengaluru (Sri city) for electronics, Gujarat, Odisha, and West Bengal for marine products, and Baddi in Himachal Pradesh and Sikkim for pharmaceuticals.

However, with projections indicating a significant surge in goods movement, officials emphasize the importance of thorough assessment and planning. This includes evaluating the need for additional infrastructure such as internal container depots (ICDs) to accommodate the anticipated rise in trade volume.

India's strategic push to revamp infrastructure aligns with its ambition to become a global trade powerhouse by fostering an enabling environment for robust merchandise exports in the coming years.

India's merchandise exports witnessed a slight downturn, dipping by over 3 per cent to USD 437 billion in the fiscal year 2023-24, while imports saw a sharper decline of 5.7 per cent to USD 675.4 billion during the same period. In response to these figures, the Ministry is setting ambitious targets, aiming to more than double the country's outbound shipments of goods by 2030. Explaining the rationale behind this endeavor, a senior official emphasized the necessity of additional infrastructure and logistics capacity at key transport hubs including roads, ports, airports, and railways. The aim is to handle a projected trade volume of USD 2.5 trillion, which includes both exports and imports. The correlation between higher exports and imports underscores the need for synchronized infrastructure development. This entails not only increasing capacity but also identifying industry clusters that will experience significant movement of goods. The ministry anticipates receiving a comprehensive report on these requirements by around August-September. Upon receiving the report, the commerce ministry plans to collaborate with relevant ministries such as shipping, aviation, roads, and railways to assess investment needs for capacity development. Preliminary estimates suggest a substantial increase in infrastructure requirements, including additional capacity for ports, railways, and airports. The study also aims to pinpoint specific infrastructure needs at exit points and identify clusters where goods movement will be most pronounced. Sectors expected to drive India's export growth include electronics, pharmaceuticals, marine products, and engineering. Notable clusters for these industries include Chennai (Sriperumbudur) and Bengaluru (Sri city) for electronics, Gujarat, Odisha, and West Bengal for marine products, and Baddi in Himachal Pradesh and Sikkim for pharmaceuticals. However, with projections indicating a significant surge in goods movement, officials emphasize the importance of thorough assessment and planning. This includes evaluating the need for additional infrastructure such as internal container depots (ICDs) to accommodate the anticipated rise in trade volume. India's strategic push to revamp infrastructure aligns with its ambition to become a global trade powerhouse by fostering an enabling environment for robust merchandise exports in the coming years.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement