India's Share in World Trade

India's share in world trade is approximately 1%.

Reasons for India's Low Share in World Trade
- Lack of Infrastructure: India faces challenges in terms of inadequate infrastructure which hinders its ability to compete globally.
- High Logistics Costs: The high logistics costs in India make its exports less competitive in the global market.
- Complex Trade Procedures: Cumbersome trade procedures and regulations make it difficult for Indian businesses to engage in international trade.
- Limited Export Diversification: India's export basket is dominated by a few sectors, limiting its ability to tap into new markets.
- Currency Fluctuations: Fluctuations in the value of the Indian rupee can impact the competitiveness of Indian exports.

Efforts to Increase India's Share in World Trade
- Trade Agreements: India has been actively engaging in trade agreements with various countries and blocs to enhance its market access.
- Export Promotion Schemes: The government has introduced various export promotion schemes to support Indian exporters.
- Improving Infrastructure: Efforts are being made to improve infrastructure such as ports, roads, and railways to facilitate trade.
- Simplifying Trade Procedures: Initiatives like the Single Window Interface for Facilitating Trade (SWIFT) aim to simplify trade procedures and reduce red tape.
- Enhancing Export Diversification: There is a push to diversify India's export basket by promoting new sectors and products in the global market.

By addressing these challenges and implementing strategic measures, India aims to increase its share in world trade in the coming years.