India’s Trade Strategy Finding ew markets vital

By Dhurjati Mukherjee India’s trade outlook is a subject of much discussion due to the changing and uncertain geopolitical condition. The government is quite worried about the matter and has rightly decided to clear the Rs 25,000 crore Export Promotion Mission as well as the Rs 20,000 additional free collateral credit to support exporters grappling with global trade uncertainty. Priority support has been identified to sectors such as textiles, leather, gems and jewellery, engineering goods and marine products hit by the US tariffs. The mission will be implemented through two sub-schemes – the Niryat Protsahan (Rs 10,400 crore) and Niryat…