Bright ecommerce export opportunity.
Global Trade Research Center has released a study report on India's e-commerce exports.
According to the report, India's current ecommerce exports are two billion dollars.
It is only 0.5% of India's total commodity exports.
By 2030, this e-commerce export is likely to rise to 350 billion dollars.
The report says that there is more potential in ecommerce exports than the phenomenal growth in IT exports.
Global e-commerce exports are estimated to reach $800 billion by 2030.
But to achieve this 350 billion dollar growth, Indian government needs to take some efforts.
A separate policy decision should be taken for e-commerce exports like China, Korea, Japan and Vietnam.
Goods imported for ecommerce export should be fully tax-free.
5 lakhs to 25 lakhs loan assistance to each exporter for shipping cost of goods in e-commerce export.
The report urges the Government of India to take a total of 21 key decisions like above
Handicrafts, jewellery, ethnicwear, decorative items, paintings and Ayurvedic pharmaceutical products are reported to have bright e-commerce export potential.
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