India’s Export Potential: Why the World Still Needs “Made in India”

India’s export story is no longer only about garments or gems. The landscape is changing — services are rising fast, while goods still hold massive scale. Together, they are making India a strong global player.

📊 Quick snapshot (FY 2024–25)

• Total exports: US$ 820.93 bn
• Merchandise exports: US$ 437.42 bn
• Services exports: US$ 383.51 bn

What these numbers tell us:

1. Services catching up fast – IT, business services, travel, transport & professional services are driving this boom.
2. Goods remain strong – manufature exports in chemicals, gems, petroleum products & engineering still power India’s trade.
3. Deficit risk – oil & gold imports widened the March 2025 deficit. Global prices matter more than we think.

👉 “Global bazaar mein bajao Bharat ka danka, Made in India ka rang khilega anokha.”

Real stories

• A Surat textile exporter shifted from bulk B2B to branded D2C in Europe. Margins improved without more volume.
• A Bengaluru IT startup moved from services to SaaS subscriptions. Dollar billing = recurring revenues.

Lesson? Move up the value chain.

CA Tips (for exporters & finance teams)

1. GST & Exports: File shipping bills timely, reconcile invoices with BRCs. Delays = refund stuck.
2. Forex Accounting: Track realised foreign exchange vs invoice. Record gains/losses properly — else your P&L looks very different.

👉 “Accounts rakhoge kaccha toh kaam hoga bura; CA se karwaoge, milega fayda pura.”

Challenges

• Dependence on oil/gold imports
• Logistics & container costs
• Non-tariff barriers in US/EU markets

Growth drivers ahead

• Electronics & EV components
• SaaS, fintech, ed-tech exports
• Renewable energy equipment & green hydrogen
• Gems & jewellery targeting Africa, Middle East

Small checklist for new exporters

✅ IEC code + FC current account

✅ RCMC registration if required

✅ Understand RoDTEP & drawback schemes

✅ Keep export's docs neat (invoice, packing list, BRC)

Final thought

India has already crossed US$ 820 bn exports milestone. Next step? Diversify, move up the value chain, and make our exports more resilient.

💬 Over to you for your comments...

• Which sector will drive India’s exports in the next 3 years?
• Exporters: what’s your biggest challenge today — logistics, buyers, FX risk or compliance?
• CAs/finance pros: what’s one common mistake you see exporters make?

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