TRADE UPDATE #207

'Robust Trade Finance Ecosystem: Gateway to $2Tn Exports'

21/05/2026

A robust trade finance ecosystem is vital for India to achieve its goal of USD 2 trillion in exports by 2030. The Director General of Foreign Trade (DGFT) highlighted that easy access to trade finance will promote India's export competitiveness. In other news, the Finance Minister called India a 'bright spot' in the global economy, with the country's GDP touching $3.75Tn.  

ECONOMY

Robust trade ecosystem crucial to achieve $2 trn exports by 2030: DGFT

A robust and easy trade finance ecosystem is important for India to achieve the USD 2 trillion exports target by 2030, a senior government official said on Thursday.


MSMES

90% MSMEs see cost reduction as the biggest motivation to implement sustainability initiatives

The SIDBI-D&B Sustainability Perception Index (SPeX – the green pulse indicator) for January - March 2023 stands at 54, eight points higher than the October - December 2022 level of 46, suggesting a higher level of perception towards sustainability by Indian MSMEs.


ECONOMY

India's GDP swells to $3.75 trillion as it topples other biggies

India's Gross Domestic Product (GDP) has reached $3.75 trillion in 2023, from around $2 trillion in 2014, said Union finance minister Nirmala Sitharaman on Monday.


BILATERAL TRADE

US-India trade partnership: The path to $500 billion

India has claimed the position of the world's fifth-largest economy and last year, the United States rose to become its largest trading partner, with both countries crossing a milestone of $191 billion in bilateral trade. However, when considering the vast collective strengths of the US and India, this figure seems relatively modest.


SHIPPING & LOGISTICS

LA Ports Prepare to Manage Ship Traffic as Labor Disrupts Cargo

Most container ships through the biggest import gateway in the US face delays as labor-related disruptions widen on the West Coast and threaten another cargo logjam.


OTHER NEWS