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Random excerpt from the book
Achieving
Superlative Export Performance
How to Benefit from the Biggest
Opportunity
of the Next 10 Years?
THE MOST BASIC ISSUE INDIA NEEDS TO ADDRESS
Urgent
need to venture into New Areas
The most
basic challenge facing Indian exports today is this:
The
products that dominate the Indian Export basket constitute only
a small fraction of World Trade. Thus over 50% of Indian exports
target less than 11% of world trade. To make the matters worse,
India has less than 0.41% share in the products, which count for
65% of world trade.
These
limitations set the boundaries for India’s future Export growth.
Unless India builds up rapid manufacturing and export base in
the items that have become important in the world trade, India
can never expect to become a significant player in World Trade.
Following Exhibit illustrates
the issue:
The details are stunning in clarity:
I- 50% of Indian exports
target less than 11% of world trade
Share of the above categories in
the world trade- 10.43 %
Share of these
categories in the Indian Export Basket-51%
II-
India has less than 0.41% share in the products which count for
65% of world trade
Share of the above categories in
the world trade- 64.9%
Share of Indian
exports in the world trade in the above categories-0.41% |
