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India has aimed to triple its foreign trade in the next seven years. The government has sought to boost the country's 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
India's Foreign Trace Policy 2023 announced today aims at process reengineering and automation to facilitate ease of doing business for exporters and facilitating e-commerce...