The Indian government s Department of Commerce (DGFT) is collaborating with the Reserve Bank of India (RBI) and other ministries to promote exports through e-commerce. The DGFT is working with departments like revenue, post, MSME, DPIIT, and the RBI to facilitate exports through e-commerce. The new Foreign Trade Policy 2023 has raised the value limit of e-commerce exports through couriers from Rs 5 lakh to Rs 10 lakh per shipment.
In most parts, the policy instruments spelt out in FTP 2023 are not those that can prepare India to participate effectively in the global markets even at the present juncture. Making India future ready seems to be some distance away
Foreign Trade Policy 2023: $2 Trillion Exports by 2030, Tax Remission Instead of Incentives, Paperless Approvals, Reduction In User Charges For MSMEs, E-Certificate of Origin, Districts As Export Hubs are Some of Its Highlights