India aims to generate $200 billion in e-commerce exports by 2030: Govt

Barthwal said the Centre has set itself a goal of increasing its share of global e-commerce exports by 10% in the next five years.

The Commerce Secretary also reiterated that the government is developing e-commerce export hubs to connect small and medium exporters with the “world”

This comes days after the CBIC extended export benefits under RoDTEP, duty drawback and RoSCTL schemes to courier shipments

Commerce Secretary Sunil Barthwal reportedly said the government plans to achieve e-commerce exports of at least $200 billion by 2030.

According to Moneycontrol, Barthwal said the Centre aims to contribute 10 per cent share to global e-commerce exports in the next five years.

“We want at least a 10% share of e-commerce exports. In the next five years, we should reach $200 billion as the world crosses $2 trillion in e-commerce exports,” Barthwal added.

The Economic Times also quoted him as saying the country was developing e-commerce export hubs (ECEHs) to connect exporting small and medium-sized enterprises (SMEs) with “the world.”

It is worth noting that India currently accounts for just $5 billion of the $800 billion in total global e-commerce exports, or a mere 0.6%. However, the central government has stepped up its game and announced a series of measures to increase this figure to at least 10% by the end of the decade.

Just a few days ago, the Central Board of Indirect Taxes and Customs (CBIC) extended export benefits under the Remission of Duty and Tax on Exported Products (RoDTEP), Duty Drawback and Relief on State and Central Cess and Taxes (RoSCTL) schemes to consignments made through courier companies.

Earlier, there were reports that the commerce ministry was planning to pilot ECEH to make it easier for small manufacturers to sell their products to intermediaries. Earlier this month, the Centre also launched a unified platform to enable Indian exporters to browse trade opportunities available in other countries.

Just a day ago, Commerce Minister Piyush Goyal launched BHASKAR, a platform that aims to bring all startups, investors and other parts of the native startup ecosystem under one roof.

On the regulatory front, the government is reportedly working on a full-fledged regulatory framework to boost e-commerce exports. Moreover, the Directorate General of Foreign Trade (DGFT) is reportedly working with the Reserve Bank of India (RBI) and ministries to formulate steps to promote e-commerce exports in the country.

Besides, Indian authorities have also signed pacts with various platforms to boost e-commerce exports from India. Earlier this month, e-commerce giant Amazon said it plans to enable Indian sellers to export goods worth $5 billion by 2024.