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Parliamentary Consultative Committee (Commerce) Reviews India s Trade Performance

Dated:- 6-11-2015 - Parliamentary Consultative Committee (attached to the Ministry of Commerce & Industry) held its meeting at Goa today and reviewed India s trade performance during the current financial year. The meeting was chaired by Commerce Minister Smt. Nirmala Sitharaman and was attended by Shri Dinesh Trivedi, MP(Lok Sabha), Smt. Jyoti Dhurve, MP(Lok Sabha) and Shri Ajay Sancheti, MP(Rajya Sabha). Director General, Foreign Trade (DGFT) Shri Anup Wadhawan apprised the committee of th .....

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April to September 2015 to US$ 68 Billion over the same period previous year. Trade deficit for merchandise and services together was US$ 130.7 Billion in the year 2012-13. It improved to US$ 68.5 Billion in the year 2014-15 He also informed that the govt have recently expanded the coverage of Merchandise Exports of India Scheme (MEIS) on 29th October, 2015. Speaking on the occasion, Commerce Minister highlighted that Foreign Trade Policy 2015-2020 had a sharper focus recognising that in the pre .....

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resence in the world s markets in value added services. Shri Dinesh Trivedi, MP (Lok Sabha) highlighted the concerns on 24% decline in exports in the month of September, 2015. He focussed on Chinese trade data highlighting that most of the imports from China are consumer items and for Make In India to be successful, China must be countered. He also observed that the Ease of Doing Business is still not happening and there was a need to develop trust in the industry/ businessmen to make things eas .....

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