$2 trillion export vision – A strategic blueprint | Sudhakar Kasture | K-Hub

In this edition of the K-Hub series, we have the privilege of hosting Mr. Sudhakar Kasture, Director, Helpline Impex Ltd and an esteemed expert and thought leader in the domain of international trade. As the world witnesses a projected 5% shrinkage in trade in 2023, according to UNCTAD’s latest Global Trade Update, Mr. Kasture discusses India’s export performance within this challenging context as well as the future outlook.

Over the past decade, India’s trade basket has undergone significant transformations. Mr. Kasture shares his observations on the major shifts and the driving forces behind these changes. Additionally, we explore how businesses can align their strategies with the objectives outlined in FTP 2023, which aims to propel India’s exports to $2 trillion by 2030.

A key focus of our discussion is the digitization initiatives as part of the government’s Ease of Doing Business (EODB) agenda and their impact on export enhancement. Mr. Kasture provides insights into the progress made in this area and identify any existing gaps. The recent push towards Free Trade Agreements (FTAs) with markets like Australia, UAE, EU, and the UK is another crucial aspect we will be exploring. We aim to understand how these FTAs are expected to benefit exporters and the strategies they can employ to capitalize on the opportunities presented, especially in markets with already low tariffs.

Mr Kasture elaborates how taking care of simple basics will be pivotal in raising India’s exports beyond the conventional trajectory in the coming years. He mentions a particularly interesting metric of growth in per capita exports to ascertain a nation’s progress. Stay tuned for an insightful discussion as we unravel the complexities and opportunities in India’s ever-evolving export landscape with Mr. Sudhakar Kasture on K-Hub.