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India’s global trade, Export Policies, Lines of Credit & Asia Africa Growth Corridors

Export led growth is vital for Indian economy. Post liberalization, India’s growth story, largely based on domestic consumption is over. Having said that we have to do a lot catching with neighbors in scaling up in global trade market. For example, India’s share in the global trade export in merchandise is just about 1.7% and 3.5% in services. China contributes 17% in global trade and so we cannot avoid comparison. India contributes 2.6% and need to scale up at least 8-10% to become a 5 trillion economy by 2025. It is the principal financial institution in India for foreign and international trade. Exim bank will be playing a crucial role in driving another phase of India’s economic growth scaling up into the global trade.

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