Export-to-GDP ratio: India must get back to 2013-14 level, shows data

India is expected to have an export-to-GDP ratio of 20.8% this year; in 2013-14, India's export-to-GDP ratio was 25.4%

On Thursday, while addressing a post-Budget webinar, Union Minister of Commerce Piyush Goyal urged the industries to increase India’s share in global trade to 10 per cent and increase the export to GDP ratio to 25 per cent.

The target may seem achievable given the stellar growth the economy has witnessed post-Covid and the 33 per cent rise expected in exports compared to last year. But a Business Standard analysis shows that it would not be a new development for the country.

Analysis of the last few years’ GDP and export data shows that in 2013-14, India’s export-to-GDP ratio was