Expect some vanishing of export concessions

The prospect of achieving $350 bn during the current year (FY19) look brighter but much will depend on how the commerce ministry negotiates with US govt the issue of phasing out of export subsidies

India’s merchandise export rose to $309 billion in 2017-18 from $280 bn in 2016-17, says the Reserve Bank of India. Just over 10 per cent, which is not bad,considering the liquidity constraints exporters faced last year. Even if part of the increase could be attributed to better prices.

The prospect of achieving $350 bn during the current year (FY19) look brighter but much will depend on how the  commerce ministry negotiates with the United States government the issue of phasing out of export subsidies and continued preferential duties for Indian-origin goods under the General System of Preferences (GSP). 
 

The hope of