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Commerce Secretary Sunil Barthwal has said that there is a huge scope for India to move in the global value chain systems and have high value-addition in global exports. India's share in global exports is less than 2 per cent. So, huge potential is there to boost the shipments despite global headwinds and low trade growth predictions.

Barthwal said ‘so, we can easily aim for doubling our exports and increasing our exports (share) to 10 per cent over a period of time and these opportunities exist even if somebody is saying that global trade scenario is looking bleak’. He said the domestic exporters should not be pessimistic about this scenario. He also stated that global firms are looking at India as an alternative destination for investments. He said that e-commerce is strengthening the capabilities of MSMEs to join the supply chains and they should reap the benefits.

The commerce secretary said that a coherent trade strategy that promotes greater integration and participation of India into global value chains is imperative and such a strategy will help India achieve $ 2 trillion exports target by 2027-28 and $8 trillion by 2047. He mentioned that the strategy for export promotion going forward will be more specific and that would include strengthening the data and analytical exercise; increased interaction with exporters; and developing country and sector related strategies as well as targets, among others.