India’s Cross-Border Growth Story: Challenges and Opportunities

By: Sudershan

India’s economy is poised double in the next five years to more than $7T, with more than $1T expected to come from growth in exports. While this growth is expected to unlock major opportunities for businesses, it also presents significant challenges that companies must navigate strategically.

The government is targeting sectors such as pharmaceuticals, IT, textiles, electronics, and consumer products for rapid growth. At the same time, critical infrastructure programs such as the PM Gati Shakti plan and East Coast Economic Corridor are reshaping logistics and supply chains, enabling faster, cheaper access to global markets. Simultaneously, India’s aggressive trade diplomacy with the United States, Europe, Africa, and Southeast Asia is opening new channels for export-led growth.

Even so, in spite of the potential growth runway, structural barriers persist for MSMEs. While they account for nearly 40% of India’s exports, MSMEs face difficulties such as high transaction costs, regulatory hurdles, and supply chain bottlenecks, which limit their ability to scale internationally. Geopolitical tensions and the uncertainty that stems as a result add yet another layer of complexity.

Xchangely – powered by its global banking partners – is a vital enabler of MSMEs and is redefining how Indian businesses can access and participate in international markets. Xchangely’s payment gateway solutions allow exporters, especially MSMEs who don’t have much leverage with the large banks, collect payments from 170+ countries and 70+ digital wallets with higher transaction success rate as well as lower fees compared to incumbent players.

Xchangely and its banking partners, with their holistic approach to compliance help MSME exporters stay globally compliant without bureaucratic complexity. At the same time, MSME exporters can expect to receive competitive forex rates and seamless multi-currency support that help these businesses manage international revenue streams without hidden fees.

Technology is an enabler. The ease of integration that Xchangely affords the MSMEs through its plug-and-play solutions make it easier for MSMEs to onboard without heavy technical investment or any upfront setup fees or recurring platform fees.

India’s cross-border trade carries immense potential. Platforms such as Xchangely empower Indian businesses to become better equipped than ever to compete and win in global markets.

(The Above article is authored by Sudershan, co- founder, Xchangely, Views are his personal)

Last Updated on: Monday, May 5, 2025 4:49 pm by Ankur Srivastava | Published by: Admin on Wednesday, April 30, 2025 4:08 pm | News Categories: Brand Stories

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