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
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App