The authorities is predicted to quickly announce help measures beneath the proposed ₹2,250 crore export promotion mission to assist insulate trade from international commerce uncertainties arising from Trump tariffs, an official stated.
“We are in dialogue with exporters to see how we can support them best in different ways, like ease of doing business. We are looking at how to give a boost to domestic consumption. We are looking at new supply chains, which we can capture, new markets, and new products,” the official stated.
The mission may embody elements, akin to straightforward credit score schemes for MSME and e-commerce exporters, facilitation of abroad warehousing, and international branding initiatives to faucet rising export alternatives.
The authorities on February 1 introduced the organising of the mission with an outlay of ₹2,250 crore.
The Directorate General of Foreign Trade (DGFT) has already made a presentation on the mission to the representatives of export promotion councils and different key stakeholders on April 30.
According to trade officers, the mission is split into two broad classes – Providing Trade Finance Support (NIRYAT PROTSAHAN) and Driving International Holistic Market Access (NIRYAT DISHA) Initiative.
Sources have earlier acknowledged that the GST Council is prone to meet quickly to debate charge simplification and rationalisation, and the way forward for the compensation cess. It will assist enhance home consumption.
The commerce ministry, prior to now few days, held a sequence of stakeholder conferences to grasp the challenges which they’re dealing with attributable to excessive U.S. tariffs on Indian items. US President Donald Trump has introduced 50% tariffs on India.
Sectors like textiles, chemical substances, leather-based and footwear are anticipated to be hit laborious by these duties.
India’s exports remained flat at $35.14 billion in June attributable to international financial uncertainties, whereas the commerce deficit narrowed to a four-month low of $18.78 billion in the course of the month.
Key export sectors, together with petroleum, materials, gems and jewelry, leather-based, iron ore, oil seeds, cashew, spices, tobacco, and occasional, recorded destructive development throughout June.
During April-June 2025-26, exports elevated 1.92% to $112.17 billion, whereas imports rose 4.24percentnt to $179.44 billion.
