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Steps to Boost Exports

Dated:- 13-8-2015 - India s merchandise Exports, Imports as well as Trade Deficit during the last three years have shown a mixed trend as evident from the table below:- Values in US $ Billion Export Growth % Import Growth % Trade Deficit Growth % * G .....

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t would be seen from the Table above that Trade Deficit as % of GDP has shown a continuously declining trend. The major contributors for the trade deficit are imports of Petroleum and Gold (contributing for nearly 80% or more of total trade deficit). .....

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c and Current Account Deficit (CAD) situation of the country. The government has taken a number of measures to restore the positive growth rate in exports and manage imports, in order to manage the Trade deficit. The main steps taken are: i) Governme .....

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In the month of April, 2015, the Government raised import tariff value of gold to $388 per 10g from $375 per 10g and of silver to $524 per Kg from $512 per Kg. ii) Government has recently released the Foreign Trade Policy (FTP) 2015-20, which has in .....

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versification of India s export markets and products and give a boost to India s exports. This also includes goods and services from MSME Sector. iii) The Foreign Trade Policy 2015-20 has also introduced several measures for facilitating trade and im .....

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ns and documents in online mode, as well as online payment of application fees through credit/debit cards and electronic fund transfer from 53 banks. CBEC has also facilitated integration of Plant Quarantine and FSSAI with EDI system of Customs, for .....

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ade negotiations with various countries and trade blocks. v) In order to promote exports, the State governments have been requested to develop their export strategy, appoint export commissioners, address infrastructure constraints restricting movemen .....

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