5 Export Business Ideas In India

The present NDA government has a vision of making India a $5 trillion economy by 2024. To achieve this target, the country's GDP (gross domestic product) will have to grow at a steady and strong pace.

Currently, India runs a negative trade balance, that is its total imports are larger its total exports. According to World Bank's statistics, the country's exports of both good and services is 19.05 percent of GDP while imports are 22.03 percent.

It fill the gap, that could also help strengthen the economy, the government has taken several initiatives over the years including the incentives announced by the finance ministry for exporters, last week. The measures include Dubai-like shopping festivals, implementation of technology to digitalise export-related procedure, creating awareness to become competitive in the global market, among other things.

If you are also looking to start your export business to harness the opportunities in this area, here are some ideas:

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