NITI Aayog CEO: India Must Target $8-10 Trillion Export Economy by 2047
India
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CNBC TV18•14-01-2026, 16:16
NITI Aayog CEO: India Must Target $8-10 Trillion Export Economy by 2047
- •NITI Aayog CEO BVR Subrahmanyam stated India should aim for an $8-10 trillion export economy by 2047, releasing the fourth Export Preparedness Index.
- •The index, based on 70 parameters, assesses states' export readiness, showing coastal states lead but inland states like Uttar Pradesh, Punjab, and Haryana are improving.
- •Dr. Arvind Virmani emphasized that Aatmanirbhar Bharat focuses on competitiveness, not protectionism for high-cost or low-quality goods.
- •India's merchandise and services exports reached an estimated $562.13 billion by November 2025 (April-November period), a 5.43% increase driven by electronics, engineering, pharma, and rice.
- •The government is diversifying export destinations due to volatile external environments and collaborating with MoSPI and RBI for detailed services data.
Why It Matters: India aims for an $8-10 trillion export economy by 2047, driven by improved state preparedness and competitiveness.
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