Foreign Trade Policy May Focus On Job Creation, Improving Trade Logistics
Job creation and improving trade logistics are likely to be key focus areas in the mid-term Foreign Trade Policy review which may also seek to address Goods and Services Tax- related concerns of exporters, government officials said.
The FTP review, to be unveiled later today, may accord special priority to improving logistics for trade to help bring down the costs, officials told PTI.
One key focus will be boosting employment creation in labour-intensive sectors like textiles and leather while addressing exporters' concerns on GST-related issues, they added.
They further said the FTP review may build upon the GST-related reforms, with the trade analytics division under the Directorate General of Foreign Trade helping with policy inputs.
Exporters have been voicing concerns about challenges on account of the GST implementation, with some even suggesting that they should be kept out of the ambit of the new indirect tax regime and the drawback refund be expedited as it was blocking their working capital.
Also Read: GST Refunds To Exporters Delayed By Filing Errors, Government Says
The mid-term review was earlier supposed to be released before July 1, when GST was introduced. However, it was postponed as the government wanted to factor in exporters' feedback regarding the new indirect tax regime.
Entering the negative terrain after more than a year, exports contracted by 1.12 percent in October, primarily due to liquidity problems faced by exporters following the GST rollout.
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
