MSMEs riding an e-commerce wave generate export optimism
India's e-commerce sector has been a key driver of the country's sustained high growth, with a predicted compounded growth of 13.9% between 2023 and 2027. The Foreign Trade Policy (FTP) 2023 offers a range of trade facilitation measures to e-commerce exporters, including extending all scheme benefits to e-commerce exports and increasing the value limit of exports through courier services. The government wants MSMEs to account for 60% of India's total exports, which can be achieved by onboarding them onto online platforms.
India's e-commerce sector has been a key driver of the country's sustained high growth, with a predicted compounded growth of 13.9% between 2023 and 2027. The Foreign Trade Policy (FTP) 2023 offers a range of trade facilitation measures to e-commerce exporters, including extending all scheme benefits to e-commerce exports and increasing the value limit of exports through courier services. The government wants MSMEs to account for 60% of India's total exports, which can be achieved by onboarding them onto online platforms.