Despite global uncertainties and shifting trade policies, India’s export market continues to show resilience, paving the way for a stronger economic footprint in international trade. The optimism surrounding the country’s export potential was reinforced at the recently concluded Sourcex India 2025, where industry leaders and policymakers gathered to discuss the future of India’s global trade strategy.
India’s Export Growth: Overcoming Global Challenges
In a world where trade policies are evolving rapidly, exporters face both challenges and opportunities. The imposition of reciprocal tariffs by the U.S. and potential duty hikes on Indian goods have raised concerns among stakeholders. However, India’s export sector is adapting to these changes, armed with strategic government initiatives and a strong entrepreneurial spirit.
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Addressing the audience at the 3rd edition of Sourcex India 2025, held at the Yashobhoomi Convention Centre, New Delhi, Santosh Kumar Sarangi, Director General of Foreign Trade (DGFT), provided an optimistic outlook.
“Despite uncertainties relating to trade and tariffs, our exports are bound to grow in the coming years,” Sarangi assured the audience. His words came at a time when India’s trade community is navigating a dynamic landscape, marked by geopolitical shifts and economic realignments.
The event, organized by the Federation of Indian Export Organisations (FIEO) with support from the Ministry of Commerce & Industry, saw participation from key industry figures, including Ashwani Kumar, Officiating President, FIEO; Dr. Ajay Sahai, Director General & CEO, FIEO; Indu Mahajan, FIEO MC Member; and Ashish Jain, DDG, FIEO.
$800 Billion Target: Confidence in India’s Export Potential
India has already made significant strides in export growth, with goods and services exports expected to surpass USD 800 billion in 2025, an increase from USD 778 billion in 2024. While a temporary dip in exports was noted in recent months, Sarangi emphasized that the volume of order inquiries received by Indian businesses remains high.
“While there has been a temporary dip in exports in recent months, our exporting community remains optimistic. The volume of order inquiries they are receiving is encouraging, giving us confidence that exports will rise in the long run,” he said.
Government initiatives such as the production-linked incentive (PLI) scheme and policies aimed at improving the ease of doing business are further boosting India’s export prospects. These measures are expected to enhance the manufacturing sector, ensuring competitiveness in global markets.
Sourcex India 2025: A Gateway to Global Markets
As India sets ambitious export targets, platforms like Sourcex India 2025 play a crucial role in connecting Indian businesses with international buyers. The event, hailed as a milestone initiative, facilitates direct engagement between exporters and foreign stakeholders, strengthening India’s presence in global trade.
Ashwani Kumar, Officiating President, FIEO, highlighted the event’s significance, stating, “Sourcex India is a crucial platform that allows Indian exporters to showcase their capabilities to a global audience. It strengthens trade relationships and opens new business avenues.”
Dr. Ajay Sahai, Director General & CEO, FIEO, echoed similar sentiments, underlining India’s goal to reach USD 2 trillion in exports by 2030. “This event is a catalyst in promoting Indian brands and expanding our trade footprint globally. The participation of buyers from across continents highlights the growing trust in Indian exports,” he said.
Diverse Participation, Expanding Trade Horizons
This year’s Sourcex India saw participation from over 150 global buyers representing more than 45 countries, including key regions such as Africa, CIS, EU, LAC, NAFTA, NEA, Oceania, SA, SEA, and WANA. Such international engagement reinforces India’s reputation as a reliable trade partner.
The event showcased a wide spectrum of Indian businesses, spanning industries like Food & Beverages, Health & Beauty, FMCG & FMCD, Apparel & Garments, Textiles & Home Décor, E-Commerce Services, and Logistics. Additionally, 10 National Award-winning artisans, supported by the Office of the Development Commissioner (Handicrafts), Ministry of Textiles, exhibited their exquisite craftsmanship, adding a cultural dimension to India’s trade ambitions.
As India charts its course towards a robust export-driven economy, strategic policy interventions, global trade partnerships, and innovation-led growth will play a crucial role. The resilience displayed by Indian exporters in the face of global uncertainties signals a promising future.
With the government’s continued support and platforms like Sourcex India 2025 fostering international trade relations, India is well-positioned to not just withstand tariff hurdles but emerge as a formidable global export leader. The journey ahead may have challenges, but the Indian export community’s unwavering confidence suggests that the best is yet to come.
Stay tuned to TICE, the official media partner for Sourcex India 2025, as we bring you the latest updates straight from the venue.
