A country's export numbers showcase its growth story. The Government of India has taken several initiatives over the years to boost the country's exports.
The COVID-19 pandemic has had a significant influence on global trade and commerce, as well as economic indicators such as GDP, private consumption, job creation and new investments.
India’s GDP growth rate before 1991 was 3.5%. This was associated with export contribution of ~4.5%. Trade liberalisation reforms increased GDP growth rate (to >6%) after 1991, with exports contributing >11% to the GDP.
The platform is likely to radically change the government procurement process by consolidating all procurement needs of different departments into a single platform to offer economies of scale, better price discovery and best practices.
The central government introduced the production-linked incentive (PLI) scheme in March 2020 to make India a competitive player in global markets and boost domestic manufacturing & exports.
December 03, 2021
Production-Linked Incentive (PLI) Scheme in the Textile Sector In the Union Budget 2021-22, the Indian government announced a production-linked incentive (PLI) scheme for 13 sectors (including textiles) at an es... 
GI-CERTIFIED PRODUCTS PUSHING INDIAN EXPORTS A country's export numbers showcase its growth story. The Government of India has taken several initiatives over the years to boost the country&... 
INDIAN ECONOMY IN THE FIGHT AGAINST COVID-19 The COVID-19 pandemic has had a significant influence on global trade and commerce, as well as economic indicators such as GDP, private consump... 
ROLE OF EXPORTS IN INDIA'S ECONOMIC GROWTH International trade facilitates countries to procure adequate amount of foreign exchange reserves and promotes optimum utilisation of resources. Glo... 
Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.
Error
Already a member?
Login / Retrieve Password
