India's share in the total world export trade is 0.6%.

India is one of the largest exporters in the world, with a diverse range of goods and services contributing to its export profile. However, when it comes to the total world export trade, India's share is relatively small. Let's delve into the details and understand why India's share stands at 0.6%.

Factors affecting India's share in world export trade:

1. Size of the Indian economy: India is the world's sixth-largest economy in terms of nominal GDP and the third-largest in terms of purchasing power parity. Despite its significant size, India's share in the world export trade is relatively low. This can be attributed to various factors, such as the country's large domestic market and focus on import substitution in the past.

2. Export diversification: India's export basket is heavily concentrated in a few sectors, such as information technology (IT), textiles, and pharmaceuticals. While these sectors contribute significantly to India's overall exports, they may not have a substantial share in the global export market. This concentration limits India's overall export competitiveness and hampers its ability to capture a larger share of the world export trade.

3. Competitiveness: India faces stiff competition from other countries in the global export market. Countries like China, the United States, Germany, and Japan have a higher share in the world export trade due to their strong manufacturing capabilities, technological advancements, and competitive pricing. India needs to enhance its competitiveness across various sectors to increase its share in the world export trade.

4. Infrastructure and logistics: Infrastructure and logistics play a crucial role in facilitating trade. Inadequate infrastructure, high transportation costs, and complex bureaucratic procedures can hinder India's export growth. Improving infrastructure, reducing logistics costs, and streamlining trade processes are essential for enhancing India's share in the world export trade.

Conclusion:

In conclusion, India's share in the total world export trade is 0.6%. While India is a major exporter in various sectors, its share in the global export market is relatively low due to factors such as the size of the Indian economy, export concentration, competitiveness, and infrastructure. To increase its share, India needs to focus on export diversification, enhance competitiveness, and improve infrastructure and logistics. These measures will enable India to tap into its full export potential and contribute more significantly to the world trade.