The long-awaited and much-delayed mid-term review
of the Foreign Trade Policy (FTP) 2015-2020, was
released by the Ministry of Commerce in December
last. While the government enhanced rewards
under its flagship export promotion schemes and
addressed some issues that had come into play after
the implementation of GST, there wasn't anything that
exceeded expectations of India's EXIM community. In
its zeal for ticking the right boxes, the review seems to
have given radical structural reforms a miss. Will the
revised FTP help deliver a 'sustained' export growth?
The Dollar Business takes stock.
The long-awaited and much-delayed mid-term review of the Foreign Trade Policy (FTP) 2015-2020, was released by the Ministry of Commerce in December last. While the government enhanced rewards under its flagship export promotion schemes and addressed some issues that had come into play after the implementation of GST, there wasn't anything that exceeded expectations of India's EXIM community. In its zeal for ticking the right boxes, the review seems to have given radical structural reforms a miss. Will the revised FTP help deliver a 'sustained' export growth? The Dollar Business takes stock.
