New Delhi, May 9 -- As economic power continues to shift towards Asia, India is ramping up efforts to boost its exports and solidify its position as a major player in global trade.
New data projects that by 2030, Asia's share of global GDP will reach around 58 per cent based on 5-year compound annual growth rates (CAGR).
The gravity of change has not sunk into the policy making circles as yet according to Federation of Micro and Small & Medium Enterprises (FISME).
India should revamp its trade promotion policies and focus them on Asia. It would not be efficient to deploy resources for market access in West which is shrinking. Instead India should focus on Asia, says Anil Bhardwaj, Secretary General of FISME.
In contrast, Europe ...