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Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1. The Foreign Trade Policy 2015-20, which was to end in March 2020 was extended due to the Covid-19 pandemic and volatile geo-political scenario and was set to end today. India Unveils New Foreign Trade Policy 2023 To Boost Exports, Focus on International Trade Settlement in Rupees (See Pics).

The Central government on Friday unveiled India's new Foreign Trade Policy (FTP) 2023, which seeks to boost the country's exports to USD 2 trillion by the year 2030 and focuses on international trade settlement in rupees.

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.

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

Union Minister for Commerce and Industry Piyush Goyal while unveiling Foreign Trade Policy 2023 on Friday expressed confidence in India touching exports worth USD 2 trillion by 2030.