Thinking about selling Indian goods overseas this year? 2024 brings new chances and a few hurdles, but the basics stay the same: know your market, get the right paperwork, and ship smart. Below you’ll find the biggest trends, the top products, and a step‑by‑step plan to get your export business rolling.
Top Export Sectors and Market Size
India’s export basket is led by services, gems, textiles, and pharmaceuticals. The "Where India Makes Most of Its Money in 2025" report shows services still pull the biggest share, but goods like pharma and engineering parts are closing the gap fast. If you’re eyeing the US, the "India’s Biggest Exports to the US" article lists chemicals, machinery, and IT services as the hottest items. Even traditional crops matter – the recent rice export ban highlighted how policy can swing prices worldwide, so keep an eye on government moves.
Practical Steps to Start Exporting in 2024
1. Get an IEC code. Every exporter needs an Import‑Export Code from the DGFT. It’s a simple online form and costs about ₹500.
2. Check GST and customs duties. Most exported goods are zero‑rated for GST, but you still have to file returns correctly. The "GST Registration in India" guide explains who needs to register and why it matters for export compliance.
3. Know the product standards. The US has strict labeling and safety rules. The "How to Sell Indian Products in the USA" guide breaks down the key certificates you’ll need, from FDA approval for food to CE marking for electronics.
4. Prepare shipping documents. A commercial invoice, packing list, bill of lading, and certificate of origin are non‑negotiable. Double‑check weights and HS codes to avoid customs delays.
5. Pick the right logistics partner. For bulk items like rice, look for carriers with refrigerated containers if quality matters. For smaller parcels, services like DHL or FedEx can handle customs clearance for you.
6. Price for the market. Factor in freight, insurance, duties, and a realistic profit margin. Use the “India makes most money” data to benchmark pricing against competitors.
7. Stay updated on policy changes. The rice export ban showed how quickly the government can shift export rules. Subscribe to the Ministry of Commerce alerts or follow AP Startup Hub’s news feed for real‑time updates.
8. Leverage digital tools. The government’s Export Promotion Capital Goods (EPCG) scheme and online portal can help you get financing and tax benefits. Simple spreadsheets or free accounting software keep track of foreign exchange gains and tax credits.
9. Test the market. Start with a small shipment, gather feedback, then scale up. Many Indian SMEs find success by partnering with local distributors in the target country before committing large volumes.
10. Plan for payment safety. Use letters of credit or escrow services to protect both sides. The Reserve Bank of India’s forex rules allow up to $250,000 per transaction for most exporters, but check the latest limits if you’re dealing with high‑value goods.
Exporting from India in 2024 isn’t a mystery – it’s a series of clear steps backed by solid data. Use the articles on this tag as quick references, stay on top of policy shifts, and you’ll turn “made in India” into a global brand fast.
India's export dynamics are rapidly changing, with its key trading partners shifting focus in 2024. The nation's trade relationships are influenced by geopolitical factors, technological advancements, and economic strategies. Discover the leading countries facilitating trade with India and the sectors where India excels. Learn how India maintains its robust export growth amidst global challenges.
