New Trade Connect e-Platform for exporters: All you need to know

Pegged as the ‘ChatGPT’ for exporters by the commerce ministry, the new digital portal for exporters Trade Connect e-Platform is the latest and perhaps the biggest effort in recent years by the Indian government in its quest to achieve the $1 trillion merchandise and $1 trillion services exports target by 2030.

In FY24, the country’s total exports (merchandise and services) had recorded a flat growth of 0.36 per cent to $776.68 billion from $776.40 billion in FY23. Merchandise exports stood at $437.06 billion in FY24, down from $451.07 billion in FY23 while services export grew to $339.62 billion in FY24 from $325.33 billion in FY23.