India’s $2 trillion export goal hinges on states and districts coming along
About seven years from now, by 2030, if all goes to plan, India should be exporting $2 trillion worth of goods. That’s a nearly three-fold jump from the current level of $760 billion to about two-thirds of India’s current gross domestic product (GDP) and broadly about 28 per cent of India’s GDP ($7 trillion) by the end of this decade that many have projected.
This is an ambitious goal, but not implausible. The key component that will fuel acceleration on this path would necessarily entail creating several manufacturing hubs across the country that consistently churn out goods of very high global quality. While maintaining, and progressively raising the standard of goods is necessary, the sufficient condition is that these will have to be cost-effective to make Indian shipments attractive to consumers overseas.