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India Eyes $1.3 Trillion Exports by 2035 via Deregulation Push

India's strategy to nearly triple exports to $1.3 trillion by 2035 hinges on manufacturing-led growth driven by structural reforms and deregulation, not major government spending. The government is targeting 15 priority sectors, including semiconductors, electronics, and leather, by easing regulations to attract investment. This push comes as global supply chain stresses position India as a stable, alternative manufacturing destination. Recent FICCI data shows the sector responding strongly, with 91% of firms reporting higher or stable production and improved industrial confidence in Q3 FY26.

Key Points: India's $1.3 Trillion Export Goal via Deregulation

  • Target $1.3 trillion exports by 2035
  • Focus on 15 priority manufacturing sectors
  • Strategy relies on deregulation, not heavy spending
  • Manufacturing sector hits record high in Q3 FY26
  • 91% of firms report higher or stable production
2 min read

India can create $1.3 trillion in exports through deregulation push by 2035: Report

India aims to triple exports to $1.3 trillion by 2035 through manufacturing reforms and deregulation, not heavy spending, a new report states.

"India is aiming to nearly triple its exports to $1.3 trillion by 2035 by pushing manufacturing-led growth through structural reforms and deregulation."

New Delhi, Jan 24

India is aiming to nearly triple its exports to $1.3 trillion by 2035 by pushing manufacturing-led growth through structural reforms and deregulation, rather than relying on heavy government spending, according to reports.

The strategy marks Prime Minister Narendra Modi's third major attempt to turn India into a global manufacturing hub and a key driver of world trade.

The government is focusing on 15 priority manufacturing sectors, including high-end semiconductors, metals, electronics and labour-intensive industries such as leather, as per the reports.

Officials believe that easing regulations, simplifying compliance and improving the business environment will help companies scale up production, attract investment and compete globally.

The renewed push comes at a time when India is being seen as a stable growth engine amid global uncertainty.

With supply chains under stress worldwide and geopolitical tensions rising, India is positioning itself as a reliable alternative manufacturing destination.

Recent data suggests that the manufacturing sector is already responding positively to policy support and reforms.

India's manufacturing performance touched a record high in the third quarter of FY26, with industry sentiment improving further, according to a latest survey by the Federation of Indian Chambers of Commerce and Industry (FICCI).

As per FICCI's Quarterly Survey on Manufacturing, 91 per cent of companies reported higher or stable production levels in Q3 FY26, up from 87 per cent in the previous quarter.

Industrial confidence also strengthened, with 86 per cent of respondents expecting higher or similar order levels compared to the previous quarter, helped in part by recent GST rate cuts.

The survey, which covers manufacturing units with a combined annual turnover of over Rs 3 lakh crore, showed that financial conditions remain supportive.

The average interest rate for manufacturers stood at 8.9 per cent, while nearly 87 per cent of firms said they had sufficient access to bank funding for working capital and long-term needs.

- IANS

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Reader Comments

P
Priya S
$1.3 trillion sounds ambitious but achievable if the focus is on labour-intensive sectors like leather. That's where we can create millions of jobs for our youth. The GST rate cuts mentioned are already a good start.
M
Michael C
As someone watching from outside, India's timing is perfect. With global supply chains shifting, a stable, deregulated environment could attract massive investment. The 91% positive production report is very encouraging data.
S
Siddharth J
Hope this isn't just another announcement. We've heard "ease of business" for years, but on the ground, small manufacturers still face countless inspections and delays. The proof will be in simpler daily operations for MSMEs.
K
Kavya N
Semiconductors and electronics! This is where the future lies. If we can become a hub for high-tech manufacturing, it will change our economic profile completely. The focus should be on quality and skill development alongside deregulation.
R
Rohit P
Good to see the report mentions sufficient bank funding. Access to capital at reasonable rates (8.9% is still high for some) is key for scaling up. Let's hope this push translates to more factories opening in tier-2 and tier-3 cities as well.

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