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TMI BlogIndia's Share in Global TradeX X X X Extracts X X X X X X X X Extracts X X X X ..... India's Share in Global Trade - News and Press Release Dated:- 28-11-2016 - News - India s performance in World trade based on the WTO database which provides the data calendar year-wise is given as follows: India's Trade Performance: Percentage Share in World Trade Years India's Share in World Merchandise Exports ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India's Share in World Commercial Services Exports India's Share in World Merchandise Plus Services Exports 2011 1.7 3.2 1.9 2012 1.6 3.2 1.9 2013 1.7 3.1 2.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2014 1.7 3.1 2.0 2015 1.6 3.3 2.0 Source: World Trade Organization The Government has launched several schemes and measures to increase India s share in global trade, which are as follows: (i) The Merchandise Exports from India Scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (MEIS) was introduced in the Foreign Trade Policy (FTP) 2015-20 on April 1, 2015 with 4914 tariff lines at 8 digit levels. The Government has extended the market coverage to all countries in respect of 7914 tariff lines. The revenue forgone under the scheme (MEIS) has increased from ₹ 22000 Crore to ₹ 23500 Crore per annum. (ii) The Government launched Services Exports from India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Scheme (SEIS) in the FTP 2015-2020. The Scheme provided rewards to service providers of notified services who are providing service from India. (iii) The Government is implementing the Niryat Bandhu Scheme with an objective to reach out to the new and potential exporters including exporters from Micro, Small Medium Enterprises (MSMEs) and mentor them through orientation programmes, counsel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing sessions, individual facilitation, etc., on various aspects of foreign trade for being able to get into international trade and boost exports from India. (iv) By way of trade facilitation and enhancing the ease of doing business, Government reduced the number of mandatory documents required for exports and imports to three each, which is comparable with international benchmarks. The trade ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... community can file applications online for various trade related schemes. Online payment of application fees through Credit/Debit cards and electronic funds transfer from 53 Banks has been put in place. (v) Interest Equalization Scheme on pre post shipment credit launched to provide cheaper credit to exporters. (vi) Further, the Government continues to provide the facility of access to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duty free raw materials and capital goods for exports through schemes like Advance Authorization, Duty Free Import Authorization (DFIA), Export Promotion Capital Goods (EPCG) and drawback / refund of duties. The details of the sectors covered under MEIS are given below: S. No. Product Category 1 Fruits, Flowers and V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egetables 2 Tea, Coffee, Spices and Cashew 3 Cereals preparation, Seeds, Shellac and Essential oils 4 Processed foods, Cocoa products and Beverages 5 Eco Friendly products that add value to waste 6 Remaining Ag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... riculture and Animal Products 7 Poultry Dairy Products 8 Marine Products 9 Wines and Beer Liqueur 10 Pharmaceuticals, Surgical and Herbal Products 11 Chemicals 12 Plast ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ic Articles 13 Moulded and Extruded goods, Rubber, Ceramic and Glass 14 Auto Tyres and Tubes 15 Wood , Paper and Stationary Products 16 Handloom, Coir, Jute products and Technical Textiles 17 Carpets ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18 Handicrafts 19 Textile and Garments 20 Sports Goods 21 Finished leather, Leather Garments and Goods, Saddlery Items and Footwear 22 Misc Manufactured articles, Auto seats, Steel furniture, Prefabs, Lighters, Mattresse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s etc. 23 Furniture and Wood Articles 24 Iron, Steel and Base Metal Products 25 Industrial Machinery, Engineering items, IC Engines, Machine tools and Parts 26 Hand Tools, Cutting Tools and Implements Made of Metals 27 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pumps of All Types 28 Automobiles, Two wheelers, Bicycles, Ships and Planes 29 Auto Components/Parts 30 Telecom, Computer and Electronics Products Source: World Trade Organization Merchandise Exports from India Scheme (MEIS) incentivises exports made to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all countries w.e.f May, 2016. This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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