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July 22, 2024

By 2047, India targets for a share of 10% in world exports

The central government has set goals to grow exports to 3% of the world’s trade by 2027 and to 10% by 2047.

Reports state that the government intends to promote 100 Indian brands as world leaders in order to meet this goal.
In order to expedite trade, it will build up a Customs “ONE” to offer import export clearance within an hour of arrival at entry points and customs ports.

The India@2047 programme is one of the efforts taken by the ministry of trade and industry.
In order to continue the Atmanirbhar Bharat programme, it entails the creation of economic zones outside of India.

Pharmaceuticals, gems and jewelry, marine and agribusiness, textiles and leather, engineering goods, electronics and telecom devices, and chemicals are the focus industries.

The roadmap also includes branding India as a supplier of high-value and high-growth products, enhancing the participation of MSMEs in trade, and attaining a 10 per cent share in niche products called “creative economy”

Pharmaceuticals, tea, coffee, engineering items and services, as well as developing districts as export centers, would be the main topics of branding campaigns.

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