{"id":124313,"date":"2021-08-07T19:24:42","date_gmt":"2021-08-07T13:54:42","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=124313"},"modified":"2021-08-21T16:46:18","modified_gmt":"2021-08-21T11:16:18","slug":"prime-minister-unveils-strategy-to-boost-exports","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/prime-minister-unveils-strategy-to-boost-exports\/","title":{"rendered":"Prime Minister unveils strategy to boost exports"},"content":{"rendered":"<p><b>Source: <\/b><a href=\"https:\/\/www.business-standard.com\/article\/economy-policy\/pm-narendra-modi-unveils-strategy-to-boost-exports-121080601758_1.html\" target=\"_blank\" rel=\"noopener\"><b>Business Standard<\/b><\/a><\/p>\n<h5><b>Introduction:<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The Prime Minister has spelt out a strategy to boost the export of goods from India while interacting with the Heads of Indian Missions abroad and stakeholders of trade and commerce virtually.<\/span><\/p>\n<h5><b>India\u2019s Exports Strategy: <\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The PM pointed out four factors that are very important for accelerating outward shipments from India. These factors are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Increasing domestic manufacturing<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ironing out problems of transport, logistics<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Need for the Centre and state governments to walk shoulder to shoulder with the exporters\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Expanding the international market for Indian products.<\/span><\/li>\n<\/ul>\n<h5><b>India\u2019s Exports:<\/b><\/h5>\n<ul>\n<li style=\"font-weight: 400;\"><b>Currently,<\/b><span style=\"font-weight: 400;\">\u00a0India\u2019s exports are about 20% of GDP.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>India\u2019s export basket<\/strong> is currently dominated by products with engineering goods, petroleum products, gems and jewellery, pharmaceuticals being the top items.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Among the exports<\/b><span style=\"font-weight: 400;\">, merchandise exports over the last nine years have been around $260-330 billion, with the highest ever being $330 billion in 2018-19.<\/span>\n<ul>\n<li style=\"font-weight: 400;\"><b>The Government of India<\/b><span style=\"font-weight: 400;\"> has set up a target of $1 trillion in 2027-28 for merchandise exports and $400 billion worth of merchandise exports in the current fiscal.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Suggestions:<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">There is also a need for diversification of India\u2019s export basket as well as identification of new products that can be exported and relevant markets for such items and prepare strategies for that.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Business Standard Introduction: The Prime Minister has spelt out a strategy to boost the export of goods from India while interacting with the Heads of Indian Missions abroad and stakeholders of trade and commerce virtually. India\u2019s Exports Strategy: The PM pointed out four factors that are very important for accelerating outward shipments from India.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/prime-minister-unveils-strategy-to-boost-exports\/\">Continue reading <span class=\"screen-reader-text\">Prime Minister unveils strategy to boost exports<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[9218,8782,216,8783],"class_list":["post-124313","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-exports-promotion","tag-government-policies-and-interventions","tag-gs-paper-3","tag-international-trade","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704821236},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/124313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=124313"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/124313\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=124313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=124313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=124313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}