Page 5 - Export Excellence News Today

India has aimed to triple its foreign trade in the next seven years. The government has sought to boost the countrys exports to $2 trillion by 2030 in its new Foreign Trade...

The Foreign Trade Policy (FTP) 2023 aims to increase India's exports to $2 trillion by 2030 and promote international trade settlements in the domestic currency.

The government, on Friday, came out with Foreign Trade Policy 2023 which seeks to boost the country's exports to $2 trillion (Rs 164.50 lakh crore) by 2030 by shifting from incentives to remission and entitlement-based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade Santosh Sarangi while briefing media about FTP 2023.

India is likely to cross USD 765 billion merchandise and services exports in financial year 2022-23 which ends on Friday. The total exports were USD 676 billion in previous fiscal year

Indias Foreign Trace Policy 2023 announced today aims at process reengineering and automation to facilitate ease of doing business for exporters and facilitating e-commerce...

New Delhi: India on Friday introduced a "dynamic and adaptable" Foreign Trade Policy (FTP) that will remain in effect indefinitely from April 1 with the objective to attain $2 trillion in goods and services exports by 2030, while also promoting trade settlements in rupees and following the worldwide principle of not exporting duties.

A sharp focus on emerging sectors for exports such as e-commerce, developing districts as export hubs, internationalisation of trade in rupee, amnesty scheme for a one-time settlement, and doing away with the 5-year timeline for FTPs will be key steps to reach the $2-trillion export mark.

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