We Can Be The Factory To The World: Budhia

From leveraging trade diversification efforts to addressing liquidity constraints, Budhia discusses strategies to bolster export growth

India's export landscape in 2025 faces a complex interplay of global conflicts, economic uncertainties, and shifting trade dynamics. Sanjay Budhia, Chairman of the CII National Committee on EXIM and MD of the PATTON Group, shares his insights on navigating these challenges. From leveraging India's trade diversification efforts to addressing liquidity constraints and the impact of reciprocal tariffs, Budhia discusses strategies to bolster export growth. He highlights key sectors and regions poised for expansion while emphasizing the critical role of government interventions in ensuring competitiveness and resilience.

How do you see India's exports growth in 2025 at a time when the globe is facing challenges due to war and conflicts in different parts of the world? India's exports in 2025 are expected to demonstrate resilience and growth despite global challenges posed by conflicts and economic uncertainties. The government and industry are collectively working toward achieving a target of $2 trillion in exports by 2030, building on the robust performance of $778 billion in FY23-24 for goods and services combined. Indian exports are projected to surpass $800 billion in FY25.

This optimism is driven by India's proactive diversification of export destinations and its focus on high-growth sectors. Moreover, the gradual recovery in developed markets like the US and the EU, along with increasing trade partnerships with emerging economies, will play a pivotal role. Additionally, India's strong push toward integrating into global supply chains for electronics, engineering, automotive parts, chemicals, and textiles positions the country favorably in an evolving geopolitical landscape.