“Government unveils plan to boost India’s e-commerce exports”
India is working towards developing its e-commerce export industry with the launch of a new regulatory framework. Commerce Secretary Sunil Barthwal announced that the ministry has been developing a strategy to maximize the untapped potential of digital trade.
E-commerce provides small businesses with a global marketplace to reach new customers worldwide. Currently, most Indian e-commerce exports involve smaller shipments between $25-$1000, with popular items like handicrafts, books, clothing and jewelry.
However, India has so far only captured a fraction of the vast e-commerce export market. The new framework aims to change this by establishing clusters near ports and airports that will facilitate exports. Barthwal noted that while China earns $300 billion annually, India lags behind at just $5 billion despite a thriving online seller community.
Experts believe e-commerce could boost exports exponentially. Research shows India is well-positioned for growth, yet current rules are outdated. The upcoming framework will streamline regulations to encourage more small businesses to sell globally online. Industry stakeholders provided valuable input during the development process.
The framework is on track for completion by September. It will modernize procedures and support the establishment of export hubs nationwide. If successful, it could open doors for India’s artisans and manufacturers to expand sales worldwide through digital trade.
