India's government plans to extend RoDTEP and IES schemes to support exporters amid global challenges.

India's government plans to extend two export promotion schemes, RoDTEP and IES, to support exporters amidst global challenges. The RoDTEP scheme reimburses embedded input duties and taxes for exported products, while the IES subsidizes loans for exporters. Despite an 4.15% growth in goods exports in the April-July 2022-23 period, July exports dipped by 1.4% due to geopolitical turmoil and increased protectionism. The Department of Commerce is advocating for the extension of the schemes beyond their current expiry dates.

August 18, 2024
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