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Date: 12/08/2024

Reforms seen needed to boost e-comm exports to $350 bn by 2030

India’s e-commerce exports may fall way short of the potential $350 billion by 2030 and touch just about $25 billion if the government does not introduce swift reforms in rules, offer more incentives to the sector and formulate a policy to also support the overseas warehouse model, as per a report by research body Global Trade and Research Initiative (GTRI). About 60 per cent of China’s e-commerce exports use foreign warehouses for faster delivery. They have special rules and support systems that help their e-commerce sector grow. If India does not adopt similar measures, its e-commerce exports might only reach $25 billion by 2030, despite having the potential to reach $350 billion. At present, India’s e-commerce exports are estimated at an annual $5 billion while China’s were at $331 billion in 2023, the study noted, as per a report.
 
Source: Exim News Service: New Delhi, Aug. 11 



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