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Indian PHDCCI notes 75 items, markets for $750-bn export goal by 2027

15 Sep '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

India’s PHD Chamber of Commerce and Industry (PHDCCI) has identified 75 potential export products from nine sectors and as many markets to take India's exports to $750 billion by 2027. The potential products include cotton, chemicals, rubber, textiles, footwear, vehicles, aircraft, furniture, mattresses, toys, boilers, electrical machinery and sports items.

PHDCII president Sanjay Aggarwal said in a statement that the United States, Canada, Germany, France, the United Kingdom, Japan, the United Arab Emirates, China, Mexico, Australia would be the major focus markets in the next 75 months to achieve the target.

The 75 markets also include Russia, Bangladesh, Vietnam, Nepal, Brazil, Poland, Italy and Thailand.

These 75 potential products contribute around $127 billion—around 46 per cent of the total exports from India, he said.

"At the global level, these 75 products also have a significant 21 per cent presence in the total global exports, whereas India's share of these 75 products currently is only 3.6 per cent," he added.

Fibre2Fashion News Desk (DS)

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