Robust, easy trade finance ecosystem crucial for India to achieve $2 trillion exports target by 2030 : S C Aggarwal
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Talking about India’s capability of exports, Additional Director General of Foreign Trade (DGFT) S C Aggarwal said a robust and easy trade finance ecosystem is important for India to achieve the $2 trillion exports target by 2030. He added that easy availability of affordable trade finance helps promote export competitiveness.
He also said that traders and the government have to work on issues like obtaining easy finance both for domestic and cross-border trade. India has set an ambitious target to take its total goods and services exports to $2 trillion by 2030.
According to the commerce ministry’s data, exports of goods and services in 2022-23 rose 14.68 per cent to $775.87 billion as against $676.53 billion in 2021-22. Aggarwal suggested the industry to focus on how to make it easier to get the finance and ways to strengthen this ecosystem.
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