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Top 5 issues that exporters are likely to face in 2023

The export industry of India is expanding with time. It has also been contributing a huge amount to the Indian economy.

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Top 5 issues that exporters are likely to face in 2023

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  1. TOP 5 ISSUES THAT EXPORTERS ARE LIKELY TO FACE IN 2023 The Indian export industry is growing with time. We all know the fact that whenever a business starts to shine, they enjoy a lot of advantages. But, success always comes with a set of challenges. While nobody can exactly predict what this year holds for the exporters, here we have made a few observations regarding the issues that might affect Indian exporters in, 2023. Prepared by : DGFT GURU

  2. DEVELOPING NEW MARKETS A lot of exporters are willing to diversify their markets by expanding their business into new markets. This opens the way for various new business opportunities. But increasing markets come with a lot of new challenges. Various foreign countries have different challenges, currency exchange rates, and many more factors that will affect your trade business. LACK OF SKILLED WORKFORCE As the export industry is expanding, it needs a more skilled workforce to increase the exports of the country. If you own an import-export business, you will need enough trained working staff to deal with import- export management, logistics, and other related fields. If you are willing to overcome this challenge, the only way is to conduct proper training sessions for your employees.

  3. CLIMATE CHANGE AND ITS RAMIFICATIONS We can say that international trade and ramifications are two sides of a coin. Hence, the ramifications of climate change would affect international trade business. It has been expected that new trade policies will be released in favor of climate change this year. But, this will lead to even more challenges for the exporters. It is because establishing an environment-friendly export business will cost a lot of money.

  4. CONCLUSION Exporters must be aware of the issues that they are likely to face in 2023 and apply proper protection measures to overcome them. As an exporter, you must be focused about your compliance efforts, connect with chartered engineer in India to enable smooth clearance, stay updated with latest market trends, and many more.

  5. THANK YOU ! Prepared by : DGFT GURU mehul@dgftguru.com www.dgftguru.com

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