On Friday, Commerce and Industry Minister Piyush Goyal unveiled a ’dynamic and responsive’ Foreign Trade Policy 2023. After two years, the new FTP carries objective of raising the country’s outward shipments to US$ 2 trillion by 2030, through various initiatives that include pushing rupee trade and incentivising e-commerce exports. Schemes...
The Mughal Empire created a class of rulers, nobles, mansabdars and other countries that increased the demand of luxury handicrafts. The arrival of European companies expanded the demand for handicrafts globally. These objective conditions facilitated the birth and expansion of traditional flexible manufacturing in India, a phenomenon that has made...
Rajat Wahi, Partner, Deloitte India, believes that returns, payments, shipping, etc. are major bottlenecks for e-commerce companies. This is because most policies for payments, returns, etc. of the e-commerce firms have been set up looking at large volume B2B businesses, where there are fewer larger transactions. However, the dynamics are...
Jaya Jaitly, Founder and President of Dastakari Haat Samiti, opines that India cannot imitate the ‘container load’ approach of the Chinese who mechanised everything, pay low wages and did not bother much about quality. Therefore India’s approach should be accessing multiple markets across the world for customers of all levels and...
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