Measures soon to boost exports: Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the government will soon announce measures to boost exports and domestic consumption, underlining its commitment to shield the industry from the adverse impact of unilateral actions by other countries.

- PTI

The remarks are important as the US has imposed a steep 50 per cent tariff on Indian goods entering America from August 27. According to exporters, shipments from labour intensive sectors such as shrimp, chemicals, leather and footwear would be hit from these tariffs.

Goyal assured exporters of all support in dealing with the current global uncertainties at the trade front, which were caused by the imposition of high tariffs. "The government is committed to make sure that all of you do not face any stress or difficulties in managing the current situation emanating from some unilateral actions," Goyal said here at an industry event. He urged the industry to highlight sectors that may get impacted by these tariffs and need alternative markets.