Status of India Exports and measures to boost the exports inthe country
Snapshot :India’s overall exports (merchandise and services) increased from USD 498.63 billion in 2017-18 to USD 538.07 billion in 2018-19, registering a positive growth of 7.91% as compared to the previous year. India’s exports have also increased from USD 262.14 billion in 2018-19 (Apr-Sept) to USD 266.63 billion in 2019-20 (Apr-Sept), showing a positive growth of 1.71% during current year. There exists Export Development Fund (EDF) in Exim Bank under the provisions of the Export-Import Bank of India Act, 1981. Government has taken following steps to increase exports and thereby earn foreign exchange for the country: A new Foreign Trade Policy (FTP) 2015-20 was launched on 1 st April 2015. The policy, rationalised the earlier export promotion schemes and introduced two new schemes, namely Merchandise Exports from India Scheme (MEIS) for improving export of goods and Services Exports from India Scheme (SEIS) for increasing exports of services. Duty credit scrips issue...
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