India’s $2 trillion exports target Explained: How realistic is the dream for Indian economy?

India has set a $2 trillion exports target by 2030. How realistic is this dream? India’s exports are set to hit a record high of $770 billion in 2022-23, according to the Ministry of Commerce. At a time when the global economy is slowing down, why are India’s exports doing well? And what is the mix within the exports basket? Is the picture as rosy as it seems when it comes to the break up between merchandise and services exports? How has the PLI scheme helped in the huge growth of electronics and smartphone exports? In this episode of TOI Business Bytes, Madan Sabnavis, the Chief Economist at Bank of Baroda answers these important questions.
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0:00- Intro
0:42- What is the big picture on exports?
1:48- Are there any new areas within exports where we are breaking ground?
3:32- There is a global slowdown, so why are India’s exports doing well?
6:17- What are the kind of exports India should be focusing on?
7:57- What is the road ahead for the $2 trillion exports dream?



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