In general, higher duties on finished goods and lower duties on intermediates should be applied.
Industry body CII on Tuesday asked the government to come out with new foreign trade policy at the earliest in view of the Covid-19 outbreak to increase India's shares in the global merechandise exports to 5 per cent by 2025.
The Confederation of Indian Industry (CII) has also outlined a 10-point agenda for increasing India's exports of goods and services in line with the prime minister's vision of an Aatmanirbhar Bharat.
For developing international competitiveness, key suggestions by CII include re-examining FTAs and tariff structure with an aggressive market-seeking approach, and build India brand and undertake market promotion in key markets.
First Published: Aug 11 2020 | 7:36 PM IST