New Delhi. Industry body PHD Chamber of Commerce and Industry has identified 75 products from 9 sectors. The industry body believes that by increasing the export of these products, India can achieve the export target of $ 750 billion by the year 2027. Agriculture and Mining Products are also included in these areas. Not only this, PHDCCI has also identified many markets including America and Europe for these 75 products.
Which countries will have to increase exports to achieve the target
Sanjay Aggarwal, President of PHD Chamber of Commerce and Industry said that to achieve the export target of $750 billion worth of goods by 2027, America (US), Canada, Germany, France, UK, Japan, United Arab Markets like Emirates (UAE), China, Mexico and Australia need special attention. The 75 markets identified by the industry body include Russia, Bangladesh, Vietnam, Nepal, Brazil, Poland, Italy and Thailand.
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Which products did PHDCCI emphasize on increasing exports?
According to the industry body’s report, the 75 potential products include fish, cotton, ore, mineral fuels, chemicals, rubber, textiles, footwear, iron and steel, boilers, electric machinery, vehicles, aircraft, furniture. , includes toys and sporting goods. At present, the contribution of these 75 potential products to the country’s exports is $ 127 billion. This is about 46 percent of the total exports. However, globally these 75 products account for 75 per cent of the total global exports. At the same time, India’s share in these 75 products is only 3.6 percent. In such a situation, there is a huge potential to increase the export of these products.
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