Trade Sector Updates – Falling Exports, TIES, MEIS, Foreign Trade Policy, etc.

Centre mulls priority lending, SEZ revival among moves to boost exports

  1. Why: contracting export month after month for more than 12 months
  2. What: plan to offer incentives to small exporters, SEZs, labour intensive sectors, organic food processors
  3. Other steps: categorization of the entire export credit given by all lenders separately under priority sector lending without riders
  4. Better coordination with Indian missions overseas, relaxing norms for the Export Import Bank of India (Exim Bank) and Export Credit Guarantee Corporation of India (ECGC)
  5. Data: exports have declined from $314 billion in FY’14 to $310 billion in FY’15 and are expected to shrink further to nearly $260 billion this year
  6. Importance: Double digit growth impossible without exports doing well
  1. Why: contracting export month after month for more than 12 months
  2. What: plan to offer incentives to small exporters, SEZs, labour intensive sectors, organic food processors
  3. Other steps: categorization of the entire export credit given by all lenders separately under priority sector lending without riders
  4. Better coordination with Indian missions overseas, relaxing norms for the Export Import Bank of India (Exim Bank) and Export Credit Guarantee Corporation of India (ECGC)
  5. Data: exports have declined from $314 billion in FY’14 to $310 billion in FY’15 and are expected to shrink further to nearly $260 billion this year
  6. Importance: Double digit growth impossible without exports doing well

By Dr V

Doctor by Training | AIIMSONIAN | Factually correct, Politically not so much | Opinionated? Yes!

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