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In an era where business transactions across borders seem like a piece of cake, global marketing is essential for your business strategy. Effective international marketing can change the future of your business overnight. One can now export products overseas from the comfort of their home without any hassle.

To grow your business on an international platform, you need a complete proof plan that resonates with all suitable markets. At the same, it should give you exponential revenue growth. It seems like a mountain of work. Well, in reality, it is not. This article here provides you all the information you need about an efficient export plan that will get your business sky-rocketed.

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Exports of engineering goods from the country recorded an impressive 70.28 percent growth in March. Pixabay

In a major rebound of trade since the onset of the Covid-19 pandemic, exports of engineering goods from the country recorded an impressive 70.28 percent growth in March. India’s total merchandise exports during this period were $34 billion as compared to $21.49 billion in March 2020 registering a jump of 58.23 percent.

The monthly growth is the best-ever performance so far. The sudden jump in outbound shipments offers hope of sustained growth in the sector in the coming months on the back of vaccine roll-out and containment of virus spread. With major economies of the world including India taking steps to boost demand and enhance business activities, international trade could reach the pre-Covid level sooner than expected.

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Rollout of vaccines to boost exports. Unsplash

Global rollout of Covid-19 vaccines along with the Centre’s initiatives is expected to boost exports in the coming months, EEPC India said. “Given the initiatives announced by the government and the speedy rollout of vaccines, we expect the growth to return in the coming months. There is also a gradual recovery in global trade which will have a positive impact on the export sector in India,” said the Chairman of Engineering Export Promotion Council of India (EEPC), Mahesh Desai.

Last month, India’s merchandise exports rose marginally to $27.93 billion from $27.74 billion recorded in February 2020. Accordingly, the share of engineering items in total merchandise exports was 23.49 percent during this period.

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Walmart said that its new export commitment is expected to provide a significant boost to MSEs in India. Wikimedia commons

Walmart on Thursday announced that it will triple its exports of goods from India to $10 billion each year by 2027.

In a statement, Walmart said that its new export commitment is expected to provide a significant boost to micro, small and medium enterprises (MSMEs) in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs.”The expansion in sourcing will include helping develop hundreds of new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and general merchandise, along with apparel, homeware, and other key Indian export categories,” it said.

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