ALSO READOilmeals exports up 69% in May on better price parity: SEA ComMin looking at promoting non-IT services exports from SEZs Rajesh Exports bags Rs 774 cr export order for gold items Orbit Exports slides on profit booking Gokaldas Exports standalone net profit declines 71.94% in the March 2017 quarter
The names of the countries implementing incentive programmes for exports and details of incentive packages given by such countries are tabulated as under:S. No. Name of the country Name of the incentive programmes Details of incentive packages1.
EUGeneralized System of Preferences (GSP) This promotes economic growth in the developing countries and least developed countries. Preferential duty free treatment is provided for about 30-40% products of designated beneficiary developing countries. India is also one of the beneficiary developing country.
Reserve Bank of India makes the assessment for devaluation of currency considering various factors like inflationary pressure on domestic economy etc. Devaluation may positively impact exports at times, but policy of devaluation is managed by RBI on other considerations as well.
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