Key Measures To Boost Exports
Total exports during Nov 2024 estimated at $67.79 bn, growth of 9.59%
Combo of file images shows Union Finance Minister Nirmala Sitharaman with the Union Budget in the years (L-R, Top Row) 2019, 2020, 2021 and 2022 and (L-R, Bottom Row) 2023, 2024 (Interim Budget), 2024 (General Budget) and Union Budget 2025-26, in New Delhi
New Delhi: In a bid to further push exports amid geo-political uncertainties, Finance Minister Nirmala Sitharaman on Saturday announced the setting up of an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance.
It will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets, the Finance Minister said while presenting the Union Budget 2025-26 in the Parliament.
India’s manufacturing sector recorded a strong growth in January this year led by a sharp rise in new export orders and a likely flurry of restocking activity around the world. Total exports (merchandise and services combined) during November 2024 are estimated at $67.79 billion, registering a growth of 9.59 per cent vis-a-vis November 2023.
FM Sitharaman said that a digital public infrastructure, ‘BharatTradeNet’ (BTN) for international trade, will be set up as a unified platform for trade documentation and financing solutions.
This will complement the Unified Logistics Interface Platform. The BTN will be aligned with international practices.
