Measures to Increase Foreign Trade

Exports are supported through schemes of Foreign Trade Policy as well as various promotional schemes of concerned Ministries/Departments. The schemes of Foreign Trade Policy are Focus Market Scheme, Market Linked Focus Product Scheme, Focus Product Scheme and Duty Drawback Scheme.  Exporters can also avail duty free import of capital Goods under EPCG Scheme and raw materials under Advance Authorisation Scheme. The Government of India continuously monitors the export performance of different sectors and takes need based measures from time to time, keeping in view the financial and overall economic implications. 

During 2012-13, exports declined by 1.82% in comparison to 2011-12, whereas in 2013-14 exports increased by 4.66%. During the current year 2014-15 (Apr-Jan) exports have witnessed a growth of 2.44% over the corresponding period of last year.

(P: Provisional)

This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.