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

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?