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Anonymous

Anonymous

Hey I am on Medial • 2d

🚀$200 - $300 billion in the next 5 years!! Yes that's right, the Foreign Trade Policy 2023 expects India's ecommerce exports to reach $300 billion by 2030 from the present value of $5 billion which is a 60x growth. But honestly such expectations will 💯% fail bcz of the stringent govt rules. If you export on Amazon USA/Walmart/Ebay/your own website get ready to shell out ₹200 - ₹2,500 for each order! My profit is ₹700 & I'm supposed to give ₹1,500 to the bank to close just 1 Shipping Bill (SB) on the EDPMS portal. Looks like I'm working for the benefit of the bank. And if I don't close the SB then there is interest, penalty, notices from RBI & I have to close my business. The RBI's policy on ecommerce exports is coming to an end on 31st March 2025, followed by USA reciprocal tariffs from 2nd April 2025 & if the govt doesn't do anything to help MSME's then kindly rename "Start Up India" to "Shut Down India" & India can never ever compete with China.

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