Increasing Scanning Offers $ 39 Billion Export Opportunities for Indian Companies By 2022: Report

The increase in the digital influence on consumers and the growth of cross-border e-commerce should enable Indian companies to obtain $ 39 billion in exports to the US. horizon 2022, according to a report by Google-KPMG.

The report notes that travel, media and entertainment, software as a service (SaaS), consumer brands and real estate are the main markets with strong international potential.

He pointed out that the Asia-Pacific is one of the most attractive regions for the expansion of Indian players – with China, Malaysia and Indonesia as main countries targets.

Digitally mature geographies like the United States and the United Kingdom are other lucrative geographies that can be leveraged through digital channels, he added.

"The growth of global connectivity opens up new opportunities for companies to expand internationally.This growth is driven by emerging economies, driven by the adoption of mobile phones, resulting in cross-border e-commerce is booming ". Shalini Girish, India Marketing Director, said.

Sreedhar Prasad, Partner and Director of Consumer Goods and Internet Markets at KPMG India, said that geographically, the share of developing economies in world trade is increasing.

"According to the report, developing economies now account for about 41 percent of world merchandise trade and about 36 percent of world trade in commercial services, which is a strong incentive for Indian firms to" look eastward. " for growth, "he said.

Prasad added that Asia Pacific regions like China, Malaysia, and Indonesia are attractive markets for expansion and with digitization, Indian companies can make progress in key sectors.

According to the report, the growth rate is expected to reach 18% to $ 3.1 billion by 2022, against $ 1.37 billion in 2017, thanks to online sales opportunities for Indian travelers in India. .

The influx of international travelers to India is expected to reach 12.8 million by 2022 and international tourist accommodation spending in the country is expected to increase by approximately 14%, adds the report.

The media and entertainment industry, on the other hand, is expected to grow at a CAGR of 37% to $ 3.46 billion by 2022, up from $ 0.71 billion Americans in 2017.

Similarly, the real estate sector is expected to grow from $ 11.5 billion in 2017 to $ 25.7 billion in 2022, with a CAGR of 17%.

Indian real estate developers could tap into the NRI and HNI customer base by leveraging technology and digital platforms, according to the report.