Hey I am on Medial • 3m
🚀$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.
Finding my self 😶�... • 3m
🚀As of 2024, the top exporting countries are: --China: $3.38 trillion Key Exports: Electronics, machinery, textiles, and automobiles. --United States: $2.02 trillion Key Exports: Aircraft, machinery, vehicles, pharmaceuticals, and agricultural p
See MoreFounder - Burn Inves... • 3m
No doubt, India conducts 17% of its exports to the USA, but it is very important for us to know that India is gradually diversifying its exports. Therefore, our market does not face as much risk from USA tariffs as others, like China. On the contrary
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