Benefits under the RDTEP scheme were introduced in Jan 2021, but ended Feb this year. Now it will cover textiles, chemicals, pharmaceuticals, cars, agriculture & food processing.
Smaller deficit this year could be down to slowing Chinese economy. In terms of volume, Indian exports to China remain roughly one-tenth of Chinese exports to India.
Canada was the biggest supplier of lentils to India in FY 22-23 with shipments of 485,492 metric tons, accounting for more than half of India's total lentil imports.
Centre has set an export target of $2 trillion by 2030, offering benefits to boost exports of electronics, engineering, pharmaceutical, and other goods.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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