Exports: Breaking Into Top Five
India is now among top five exporters in a large number of categories. The lessons from these successes can be used to dominate in other sectors.
India is now among top five exporters in a large number of categories. The lessons from these successes can be used to dominate in other sectors.
Indian solar exports have been growing in the past two years, following the US restrictions against China.
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
As of December 2023, selected companies have already made an investment worth ₹12,900 crore against an investment commitment of ₹21,000 crore in the current fiscal year.
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
If an approved company fails to meet the threshold for an increase in determined sales value over the first year's threshold, it will not receive any incentive for that year.
As the calendar year comes to a close, uncertainties continue to impact global trade, proving that the government’s assessment was correct – unpredictability is the norm.
Beneficiary companies have set up units in more than 150 districts across 24 states.
The report suggests that computers and electronics exports from Vietnam, India, and Taiwan to the US witnessed the steepest growth during this period with a CAGR of 42%, 38%, and 27%, respectively.
Private investment nosedived from 16.8% of the GDP in FY08 to 10% in FY22 (latest available data).