Trade Analysis

New FTP Might Not Bank On Incentives To Boost Exports

Published: March 30, 2023
Author: DIGITAL MEDIA EXECUTIVE

FTP, a complete policy strategy to boost exports of commodities and services. Additionally, a plan for achieving $2 trillion in goods and service exports will be created.

While the previous policy has placed a strong emphasis on incentive-driven programmes, the new policy is likely to increase the competitiveness of Indian exports through After extending the current policy for an additional three years, the Center is prepared to announce the eagerly anticipated new foreign trade policy (FTP) on Friday. The new FTP is likely to concentrate on issues like e-commerce, boosting ease of doing business, and creating districts that serve as export centres.

A vision statement outlining the long-term goal for India’s foreign trade will be included in the most recent non-fiscal approaches. There won’t be any new export incentive programmes, according to to those who are informed.

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