The latest FTP, a comprehensive policy strategy to promote the export of goods and services, will be accompanied by a vision statement that will outline the long-term strategy for India's foreign trade. The roadmap for achieving $2 trillion worth of goods and services exports will also be drawn.
While the existing policy's focus has been on incentive-driven schemes, the new policy is likely to make Indian exports competitive through non-fiscal measures. No new export incentive scheme is expected, according to people in the know.
This story is from the March 30, 2023 edition of Business Standard.
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This story is from the March 30, 2023 edition of Business Standard.
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