India's total trade to reach USD 1.8 trillion by 2033, growing at 6.4% CAGR: Report
BCG report.
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A major factor fueling this surge is India's growing appeal as a production hub for companies looking to diversify supply chains beyond China.
The government's substantial incentives for manufacturing, a vast low-cost workforce, and rapidly improving infrastructure are further strengthening India's position. As a result, the country is becoming a preferred destination for foreign investment and trade collaborations.
India's trade growth will be geographically diverse. Trade with the United States is projected to more than double over the next decade, reaching USD 116 billion by 2033.
This increase reflects deepening political and economic ties between the two largest democracies, particularly in defence and technology sectors.
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