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Think tank Global Trade Research Initiative (GTRI) in its latest report has said that share of India's exports in the world trade in sectors such as pharma, gems and jewellery, leather, and footwear declined in 2022 as compared to 2015. India's global market share in sectors like apparel, leather, shoes, and marine products has been decreasing, primarily due to concerns over quality rather than pricing issues. However, there is an increase in the share of electronics, machinery, petroleum, auto parts, iron and steel, and aluminium products' exports during the period.  

The report said that the key sectors that witnessed a higher share in global trade are electronics, telecom, mobile phones, and electrical equipment, as well as machinery. This is noteworthy as these product groups hold substantial importance in world trade, which exceeds $6 trillion. India's historically low share in these sectors is gradually but decisively improving.

According to the report, in 2022, India's share in global merchandise trade stood at 1.8 per cent. However, its share in machinery and electronics was a mere 0.75 per cent and 0.4 per cent, respectively in 2015. Over the course of seven years, there has been a marginal yet significant improvement in these shares. It also stated that quality issues are not limited to pharmaceuticals but also affect Indian aquaculture products, such as shrimp and prawns.