Published 19:03 IST, January 31st 2025
Economic Survey 2025: E-Commerce Exports Projected To Generate $200-300 Billion By 2030
In the financial year 2022-23, or FY23, exports generated an estimated USD 4 to 5 billion.
The Economic Survey of India 2025, tabled in the Parliament on Friday by Finance Minister Nirmala Sitharaman projected that exports are expected to increase and generate USD 200 to USD 300 billion by 2030.
In the financial year 2022-23, or FY23, exports generated an estimated USD 4 to 5 billion.
Key Factors Driving India's E-Commerce Exports
According to the Economic Survey of India 2025, expanding data connectivity, increased penetration of smartphones, a rise in availability and use of digital wallets and safer online payments, increased customers' income levels and growing familiarity with digital shopping platforms have provided an impetus to India's e-commerce exports.
Additionally, customers are increasingly preferring customised products from skilled artisans, and India can leverage its rich tradition of handcrafted items to meet this demand.
Further, exporters can also increase their profits by reducing costs associated with intermediaries like agents and shopkeepers, making e-commerce a lucrative option for selling products, according to the Survey.
Government Initiatives Driving E-Commerce Exports
According to the Survey, Government initiatives such as Make in India and Aatmanirbhar Bharat, have enhanced support and focus on MSMEs and e-commerce exports, thereby paving the way for more domestic sellers going global.
These initiatives have also provided a conducive environment for businesses to thrive and expand their reach, as per the Survey.
While recognising the relevance of e-commerce exports, the Foreign Trade Policy (FTP) 2023 has laid down provisions for fostering cross-border digital trade and promoting e-commerce and other emerging export channels.
These include the Niryat Bandhu scheme, financial assistance to e-commerce exporters under the Market Access Initiative (MAI) scheme, export and packing credit, e-commerce exporthubs, Dak Niryat Kendra, and electronic Bank Realisation Certificate (e-BRC).
Further, the GST regime offers the benefit of zero-rated supplies, and e-commerce exporters are eligible for GST refunds.
Several initiatives have been undertaken by state governments in collaboration with e-commerce market players to boost exports including organising e-export Haat and signing a MoU with leading e-commerce players to drive e-commerce exports, etc.
The Uttar Pradesh government has recently implemented measures to enhance packaging and export capabilities by leveraging design, technology, and market access. The government is also planning to set up e-commerce hubs to facilitate small producers to sell to aggregators.
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Updated 19:03 IST, January 31st 2025