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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 % * GDP Trade Deficit as % of GDP 2012-13 300.4 -1.8 490.7 0.3 190.3 3.8 1835.8 10.4 2013-14 314.4 4.7 450.2 -8.3 135.8 -28.6 1875.2 7.2 2014-15 310.5 -1.2 447.6 -0.6 137.1 1.0 2051.1 6.7 *Source: CSO, New Series Estimates( 2012-13, 2013-14), DGCI&S I .....

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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) Government performs import appraisal to evaluate the quantum of imports on a periodic basis. In order to control imports of gold and silver the Government gradually increased customs duty on gold from 2 per cent in January 2012 to 10 per cent in August 2013. .....

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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 improving Ease of doing business by reducing the number of mandatory documents required for export and import to three each. In order to facilitate faster processing and enable working in 24*7 mode, DGFT has facilitated submission of various applicatio .....

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