Artificial intelligence (AI) is poised to transform many fields and operations, one of them being cross-border trade. Today, AI and ML technologies are streamlining operations, increasing transparency, and improving decision-making in Exim operations. Across industries and geographies, AI applications are helping businesses reduce delays, cut costs, navigate complex compliance requirements, and optimize supply chains. In...
India’s cross-border trade operations are worth hundreds of billions of dollars annually. As per official figures from the Ministry of Commerce and Industry, between April and December 2024, India’s exports were valued at $603 Billion, and imports at about $684 Billion. To streamline and monitor the considerable flow of trade transactions, the Reserve Bank of...
Ask the CFO of any company engaged in cross-border trade what keeps them up at night, and chances are, they’ll mention the inherent risks that global trade involves. International trade operations have to bear the brunt of market and currency fluctuations, geopolitical issues and crises, and overall uncertainty in the international trade partner. To add...
The Harmonized System of Nomenclature (HSN) is the backbone of international trade classification. Globally, these codes categorize goods uniquely to ease their movement across borders. For Indian companies, eight-digit HSN codes are vital in Exim documentation and tax compliance. Getting these codes right is not just critical but also a strategic practice for optimizing costs...
Delayed or poorly planned shipments of export or import goods can significantly impact the financial health and operational efficiency of companies engaged in international trade. Below is an analysis of the key consequences a business head must watch for, drawing from global trade data and our experience in the field. The financial impact of delayed...
An analysis of the Union Budget 2025, which lays out the roadmap for 10x export growth for Viksit Bharat 2047 Executive summary With a clear line of sight towards Viksit Bharat (Developed India) by 2047, the Union Budget 2025 called out, for the first time, exports as the fourth engine of the economy. Of the...
The Export Promotion Capital Goods (EPCG) Scheme is an initiative of the Indian government’s Department of Commerce facilitating the import of capital goods to produce goods and services that will enhance India’s export competitiveness. It allows the duty-free import of capital goods and raw materials for producing export goods. This comes with certain export obligations...
As we move deeper into 2025, the global trade landscape continues to evolve rapidly. For those involved in international trade, staying ahead of these changes isn’t just about maintaining competitiveness—it’s about ensuring business continuity and capturing new opportunities. Here are five impactful global trade trends that will shape international business this year, along with strategic...