Citing an UNCTAD report, the official said that over the period from 2010 to 2023, India has been one of the fastest-growing major economies in terms of its share of global exports, achieving a growth rate of 6.3 per cent.
“This rate of growth is the highest among all major economies as reported by UNCTAD key statistics and trends in international trade 2024,” the official added.
This performance stands out even more when compared to other leading economies such as the European Union, China, and the US, which recorded lower export share growth rates of 3.9 per cent, 6.1 per cent, and 3.9 per cent respectively during the same period.
“While some advanced economies like Japan and Russia experienced only marginal increases or stagnation in their export shares, India’s export trajectory has been marked by a consistent and steady upward trend, reflecting the resilience and dynamism of its trade sector,” the official said.
This reflects the effectiveness of India’s trade policies, manufacturing and services sectors, and the impact of export promotion initiatives, which have contributed to enhancing the country’s integration into global supply chains. The country’s total exports in 2009-10 was USD 274.8 billion. It touched USD 776.3 billion in 2022-23 and 825 billion in 2024-25.
Content Source: economictimes.indiatimes.com