Indian e-commerce exports likely to touch USD 200 billion by 2023: DGFT chief

NEW DELHI: Indian e-commerce exports are likely to touch USD 200 billion in the next 6-7 years and will play a critical role in achieving the USD 2 trillion goods and services export target, a senior Directorate General of Foreign Trade (DGFT) official said here on Friday.

Addressing the ‘FICCI E-commerce Exports’ conference, Additional Secretary and DGFT Director General Santosh Kumar Sarangi emphasised that there is immense potential in Indian e-commerce exports which is backed by huge product diversity, product innovation and the ability of Indian entrepreneurs.

“This is what gives us the confidence that in the next 6-7 years, we should be able to do around USD 200 billion of e-commerce exports. We need to bring about a lot of changes in the way logistics is handled in India, the way policy-making happens, the way RBI looks at e-commerce exports and in all of these we have to make a lot of changes,” he highlighted, as per a FICCI press release. (ANI)

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