India Raises Incentives by More Than a Third to Boost Exports
- Government announces benefits for agribusinesses, small trade
- Changes made amid falling exports after GST introduction
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India announced incentives worth 84.5 billion rupees ($131 million) as it seeks to double overseas shipments by 2020 amid slowing trade as well as help exporters tide over a chaotic roll out of the new sales tax.
The increased benefits for exporters in labor-intensive businesses including textiles and farms is in addition to incentives worth 250 billion rupees already available to traders, said India’s commerce secretary Rita Teotia in New Delhi today.