Now Reading: India exports climbing value chain, ex-trade official says
-
01
India exports climbing value chain, ex-trade official says
India's exports are moving up the value chain from textiles and low-end engineering to machinery and electronics, according to Ajay Srivastava, former Additional Director General of Foreign Trade at India's commerce department.
India's exports are moving up the value chain from textiles and low-end engineering to machinery and electronics, according to Ajay Srivastava, former Additional Director General of Foreign Trade at India's commerce department.
Srivastava said potential US sanctions on Iran's trading partners would have no impact on India. He described tariffs as a moving target, adding that New Delhi will address them as they arise.
The assessment points to a structural shift in India's export basket, though the official cautioned that trade policy uncertainties remain.
Indian Opinion Analysis
The shift towards high-value exports like electronics and machinery mirrors the production-linked incentive (PLI) schemes rolled out since 2020, which target 14 sectors from mobile phones to pharmaceuticals. India's engineering goods exports, for instance, crossed Rs 9 lakh crore in the last financial year, narrowing the gap with China in specific categories. The real question is whether this momentum can withstand global headwinds, rising US interest rates slowing consumer demand, and European Union carbon border taxes that will apply to steel and aluminium imports from 2026. Watch the quarterly trade data from the commerce ministry for signs that the value upgrade is translating into sustained export growth, not just a one-time jump from a few mega-orders.
Source: cnbc.com
This story was synthesised by AI from the source linked above.
