History has been modulated by trade significantly- both as the means and also as end of human efforts. Trade was the medium of transmission of cultural influence, best practices, language and also introduction of new species- plants, animals fashion and technology across world. Stories related to international trade – have been documented through books. An online effort to document stories, historical facts and anecdotes of India’s international trade, will boost interest in trade.
Smart India Hackathon 2018
The time taken for export adds to cost of export, lowers clients’ satisfaction and can be a major risk factor in poor export performance. Live information is not available regarding time being taken at various logistic sectors and routes. Logistic components are serially connected e.g. ICD to railways to port with transit points & transaction functions in between. Congestion and delay at one point has a spiral effect on the chain. Model need to develop to give live information regarding the Exim traffic live and possibly also map cargo routes like the Google traffic map including expected transit time for the cargo via various modes and routes.
While cost of product is the key component, many costs add to the cost of exported goods. Cost is the most measurable method to gauge impact of economic factor conditions. A model needs to be devised to capture key elements that add to cost of export – post production. Categorization and selection of standardized products from key locations to key ports will enable development of a cost to export index which over a period of time could develop as a barometer index to gauge and plan policy interventions.