- Saturday, April 05, 2025
By: Shubham Ghosh
INDIAN prime minister Narendra Modi on Friday (6) called upon the industry and exporters to take advantage of the opportunities created in the post-pandemic world, explore new destinations and expand the export basket to achieve the target of $400 billion of exports.
Addressing the Indian missions and export promotion councils on the country’s target of $400 billion of merchandise exports this year, Modi said that four factors, including multi-fold increase in manufacturing, reduction in logistics expenses and international market for domestic goods can help boost the country’s outbound shipments.
He also suggested Indian missions abroad to look at products in their respective countries that India can export.
Currently, exports account for 20 per cent of India’s GDP and “given the size of our economy, potential, manufacturing and base of services industry, there is a possibility” to increase this share.
In the post-Covid world, there is a debate on global supply chain and in that “we should use all our force” to tap new opportunities.
