Effect of economic recession on import-export trade

Author(s): 

New Delhi, August 8, 2012: Anticipating that the situation is likely to be adverse, the government had announced a package on June 5 this year. 

In addition a strategy paper to double our exports by 2013-14 was released in May 2011.  Earlier measures taken by the government and RBI include the announcements made in the Budget 2009-10 and 2010-11; in the Foreign Trade Policy (FTP) 2009-14; thereafter in January / March 2010; in the Annual Supplement to FTP released on August 23, 2010; and in announcements made in February and October, 2011.

To increase our share in various export markets and to diversify our market and products, incentives have been provided under schemes viz. Focus Product Scheme, Focus Market Scheme, Market linked Focus Product Scheme and Vishesh Krishi and Gram Udyog Yojana.

Date: 
Wednesday, August 8, 2012