Key Points
The global growth in goods trade will be 5% on an average till 2030 to touch $32.6 trillion while India will be growing at 7.5% annually during that period, the report said.. Indias merchandise export growth will outpace global average and touch $773 billion by 2030, a report by Standard Chartered said on Wednesday...
According to the projections made in the report, despite above average growth Indias exports will fall short of the governments target of $1 trillion by 2030..
However, Indias exports of goods to the US, Mainland China and the UAE will be the highest by volume, the report said.. Indias Free Trade Agreements with the UAE and Australia have recently come into force further increasing Indias competitiveness as a manufacturing and export powerhouse...
The report that included a survey of more than 100 global business leaders in 13 markets flagged rising geopolitical conflicts and tensions, high and volatile energy and commodity prices, poor infrastructure quality, high inflation, sanctions, tariffs and export bans as biggest challenges facing global trade..
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