The report underscores the need for policy shifts to support the overseas warehouse model, which could significantly boost efficiency
India’s e-commerce exports, currently valued at $5 billion annually, could fall drastically short of a projected $350 billion by 2030 unless the government enacts swift reforms, according to a report by the Global Trade and Research Initiative (GTRI). The study, authored by GTRI founder Ajay Srivastava, highlights the potential shortfall; estimating exports could languish around $25 billion if no changes are made.
The report underscores the need for policy shifts to support the overseas warehouse model, which could significantly boost efficiency. While 60% of China’s e-commerce exports utilize foreign warehouses for rapid delivery, India’s regulations primarily cater to the direct export model, which involves longer delivery times and potential customs delays. To align with global e-commerce growth, projected to expand from $1 trillion in 2023 to $8 trillion by 2030, India must introduce reforms, including a dedicated green channel for e-commerce shipments, a dedicated online identifier for e-commerce exports, and a single window clearance system. The report also advocates for waivers on bank charges and exemptions for shipments up to $1,000 until new systems are implemented.
Without these changes, India risks missing out on substantial export opportunities, despite having the potential to become a major player in global e-commerce.
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