Mumbai - India’s total trade is expected to grow at a compound annual growth rate (CAGR) of 6.4 per cent through 2033, reaching USD 1.8 trillion annually, according to a BCG report.

A major factor fuelling this surge is India’s growing appeal as a production hub for companies looking to diversify supply chains beyond China.

The government’s substantial incentives for manufacturing, a vast low-cost workforce, and rapidly improving infrastructure are further strengthening India’s position. As a result, the country is becoming a preferred destination for foreign investment and trade . . .