The Indian government has taken several measures to increase exports. These include:
1. Reducing the cost of doing business by introducing reforms such as the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC).
2. Promoting exports through various schemes such as the Merchandise Exports from India Scheme (MEIS) and the Service Exports from India Scheme (SEIS).
3. Providing incentives such as duty drawback and export promotion capital goods (EPCG) schemes.
4. Offering financial assistance to exporters through export credit insurance, credit guarantees, and export finance.
5. Establishing special economic zones (SEZs) to provide a conducive environment for export-oriented activities.
6. Encouraging the use of technology in export processes through the e-commerce platform.
7. Establishing export promotion councils (EPCs) to provide support and assistance to exporters.
8. Promoting the use of e-commerce platforms for exports.
9. Establishing trade facilitation centers to provide assistance to exporters.
10. Supporting the development of export infrastructure such as ports, airports, and roads.
11. Allowing foreign direct investment (FDI) in certain sectors to promote exports.
12. Strengthening the rupee by introducing measures such as the liberalization of the foreign exchange market.
13. Encouraging the use of the World Trade Organization’s (WTO) dispute settlement mechanism to resolve trade disputes.
14. Establishing free trade agreements (FTAs) with other countries to promote exports.
15. Participating in regional and global trade agreements to increase market access for Indian exporters.
16. Establishing the Export Promotion Bureau (EPB) to promote exports.
17. Taking steps to reduce non-tariff barriers (NTBs) and simplify customs procedures.
18. Encouraging the development of export-oriented industries.
19. Promoting the use of technology in export processes.
20. Encouraging the use of e-commerce platforms for exports.|