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India’s foreign trade has been a vital component of its economic development, and the Government of India has consistently implemented a range of export promotion measures to strengthen the national export effort. These measures are aimed at enhancing India’s competitiveness in global markets, increasing the value of exports, diversifying export products and destinations, and supporting domestic producers in overcoming structural and logistical challenges. Over the years, the government has introduced a combination of policy interventions, financial incentives, infrastructural support, and institutional frameworks to promote exports. One of the significant export promotion measures is the Foreign Trade Policy (FTP), which is periodically revised, usually for five-year periods, and serves as a roadmap for export promotion. The FTP provides guidelines and incentives for exporters, including duty exemptions, subsidies, and financial assistance. It also focuses on product diversification and market expansion, encouraging Indian exporters to move beyond traditional markets and products. The policy emphasizes both merchandise and services exports, recognizing the growing importance of sectors like information technology, tourism, and professional services. Financial incentives form a crucial part of India’s export promotion strategy. Duty Drawback __________ _____ _____ _____ ______ _____ ___ ________ ___ ____ _______.
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