Export support amid trade headwinds

The government's new support measures for exports, including a 45,060-crore liquidity T assistance package, come amid severe global headwinds (including oppressively high US tariffs, likely the most consequential among them).

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The support package earmarks 25,060 crore to improve liquidity access for MSMEs through instruments such as discounted interest that ease cash flow and reduce payment risks, collateral support, and credit enhancement for riskier markets. It will also offset several costs associated with growing market access, such as those incurred in meeting destinationjurisdiction standards, in moving goods from remote areas to ports, etc. This is important given that MSMEs account for close to 45% of India's exports and mark a large presence