Answer to Question #87180 in Macroeconomics for Praveen Bhalerao

Question

Explain the important issues crucial for promotion of Indian exports and hence need to be addressed in India's trade policy

Answer 1

To push export growth, exporters can take help of the government schemes. Here are top export schemes of the Indian Government.

1. Market Development Assistance Scheme

Description: Entrepreneurs get funding for participating in trade fairs. It assists exporters for export promotion activities.

2. Export Oriented Unit (EOU) Scheme

Description: EOU Scheme provides an internationally competitive duty-free environment coupled with better infrastructural facilities for export production.

3. Market Access Initiative (MAI) Scheme

Description: MAI Scheme is an Export Promotion Scheme, envisaged to act as a catalyst to promote India’s exports on a sustained basis.

4. Software Technology Park (STP) Scheme

Description: STP Scheme is a 100 per cent export-oriented scheme for undertaking software development for export using.

5. Services Exports from India Scheme (SEIS)

Description: The SEIS has been introduced to increase exports of notified services.

6. The Merchandise Exports from India Scheme (MEIS)

Description: The MEIS has been introduced for the export of specific goods to specified markets.

7. Export Promotional Capital Goods (EPCG) Scheme

Description: The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services to enhance India’s export competitiveness.

Source:

https://www.entrepreneur.com/article/252342