2 trillion India's export blueprint by 2030

To increase exports, production and GDP must first be increased. In 2030, if India's GDP can meet the target of $7 trillion, exports of $2 trillion will be achievable. Recently, a global consulting firm Boston Consulting Group (BCG) said in its research statement that India's exports to the US, between 2018 and 2022, will grow by 44 percent. While China's exports fell by 10%. Even as US imports from Mexico and ASEAN countries increase, Indian products are taking over the US market rather than Chinese products. By 2027, Walmart, the global retail chain, aims to buy products worth $10 billion from India. Indian exports range from appliances, health and wellness products to food items, apparel, footwear, toys etc. Demand for these products is increasing in the US market.
China has been increasing its exports ever since its entry into the world market. China's total exports have grown from just $253 billion in 2000 to $3,730 billion by 2022. China's exports to India were only $1.47 billion in 2000, but increased to $102 billion in 2022. India has suffered huge losses due to increased import of goods from China. This is because the contribution of manufacturing to India's GDP has declined to 16.3 per cent in 2018-19 compared to around 21.3 per cent in 1995-96. In the same way, China is capturing the market and increasing the export rate all over the world.
This declining production has resulted in unemployment problems across the country. Over the past four years, the US has been increasing imports from India while reducing imports from China. Which is very good news for Indian manufacturing and Indian products become more competitive compared to China. 
Currently, the US has taken several steps to curb imports from India and China, including raising tariffs on imported goods. It has not withdrawn GSP-like concessions, but has also raised tariffs on goods imported from India. Under the WTO Agreement, the United States is the only country that can impose country-specific import tariffs. But despite all such restrictions, the 44 percent increase in exports of Indian products to the US today is a remarkable thing. Discussing this issue, BCG said that this is because the landing cost of Indian products is 15 percent lower than that of US products, while the landing cost of Chinese products is only 4% less. While the United States also tried to promote manufacturing, Indian products indicated the potential for competitive market expansion in more developed countries besides the United States.
India exported goods and services worth $770.2 billion in FY 022-23. On 31 March 2023, the Government of India announced a new foreign trade policy. It has set a target of $2 trillion for India's exports of goods and services by 2030. But given the growth in exports over the last 10 years, this target is seen as a major challenge. However, India is expected to reach this target if the export growth rate is increased to 14.81 percent compared to 11.3 percent growth in FY 2022-23. 
In a word, to increase exports, production and GDP should be increased first. In 2013-14, India's GDP was $2 trillion. The country's total exports at that time were close to $500 billion. Again, when India's GDP was $3.5 trillion, India's exports were $770.2 billion. At this ratio, if India's GDP becomes $7 trillion in 2030, the export target of $2 trillion will be met.
Under Atmanirbhar Bharat Abhiyan, Production-Linked Incentives (PLI) are being offered to increase production including quality standards of various products. India was heavily dependent on China for products like toys, solar panels, clothing, appliances, defines equipment, electronics, telecom equipment, mobile phones, laptops, etc., but now due to increased production of all these products in India especially mobile phones, appliances, solar panels , electronics and telecom exports are growing rapidly.

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