Boosting India's E-commerce Exports to USD 350 Billion by 2030: Key Reforms and Incentives

A report by think tank GTRI outlines essential reforms and incentives needed for India to boost its e-commerce exports to USD 350 billion by 2030. Key recommendations include specialized regulations, banking reforms, access to credit, and export incentives comparable to those offered in China.

India needs urgent reforms and incentives to elevate its e-commerce exports to USD 350 billion by 2030, according to a report by Global Trade Research Initiative (GTRI) released on Monday.

The report emphasized the necessity of separate regulations to support direct and overseas warehouse e-commerce export models, aligned with successful practices in China. Over 60 per cent of China's e-commerce exports utilize foreign warehouses for faster delivery, a strategy India needs to adopt, warned GTRI Founder Ajay Srivastava.

The report highlighted banking reforms, streamlined customs procedures, and access to credit for small e-commerce exporters as critical to achieve this ambitious target, calling for export incentives on par with physical shipments.

(With inputs from agencies.)