India has achieved a monumental milestone by becoming the world’s 4th largest economy. This leap forward isn't just a number—it reflects a dynamic, resilient economy powered by innovation, entrepreneurship, and most importantly, global trade.
At the heart of this growth story lies a powerful contributor: exports.
The Power of Exports in India’s GDP
Exports have become one of the key pillars of India’s economic engine. Contributing nearly 22% to India’s GDP, exports are no longer a side activity for select sectors—they are a national growth strategy. From handcrafted goods to cutting-edge technology services, India is reaching every corner of the globe.
Merchandise Exports: Made in India, Delivered Globally
India’s merchandise exports have seen unprecedented growth, rising from approximately $314 billion a decade ago to over $437 billion today. The “Make in India” spirit is flourishing across diverse sectors:
- Electronics: With a strong push for self-reliance and global partnerships
- Pharmaceuticals: The world’s pharmacy continues to meet global health needs
- Engineering goods & machinery
- Textiles and garments
- Iron ore and mineral-based products
These sectors are not just exporting goods—they're exporting Indian excellence.
Services Exports: India's Soft Power
While physical goods are one side of the story, India’s services exports have skyrocketed—rising to $341 billion. Fueled by:
- Information Technology (IT) & Software
- Financial Services
- Business Process Outsourcing (BPO)
- Consulting & Research Services
India's brainpower is helping the world innovate, optimize, and grow.
Government Support: Building a Global Trade Ecosystem
Strategic policy interventions have played a pivotal role in boosting export-led growth:
- Export incentives and PLI schemes
- Free Trade Agreements with multiple countries
- Logistics infrastructure upgrades, including ports and digital customs
- Promotion of MSMEs and startups in export sectors
The government’s focus on ease of doing business and trade facilitation is transforming India into a global export powerhouse.
🌐 What This Means for H.I.G.H
At Hoysala International Growth Hub, we see India’s rise not just as a national achievement, but as a call to action. As exporters, entrepreneurs, and enablers of global trade, we are part of this transformation. By supporting businesses to go global, promoting Made in Bharat products, and embracing tech-driven logistics and documentation, we contribute directly to this economic milestone.
The Future is Global. The Future is Indian.
India’s journey from a developing nation to the 4th largest economy is fueled by ambition, resilience, and vision. Export-led growth will continue to be the driving force behind our economic narrative. Let’s keep building, innovating, and shipping the best of Bharat to the world.
Join us at Hoysala International Growth Hub as we help businesses bridge local potential with global opportunities.
📩 Contact us | 🌐 www.hoysalainternational.com
🇮🇳 India Becomes the 4th Largest Economy: The Export Engine Powering Our GDP