CII wants end to inverted duty structure to make India an exporting nation

Industry body has asked for policies to hike country's share in global merchandise trade to 5% and services export to 7% by 2025

Amid the government’s move to increase tariff on some imports, industry body CII has suggested calibrating import duties carefully. It has asked for policies to increase the country’s share in global merchandise trade to five per cent and in services export to seven per cent by 2025.

“The general principle of higher duties on finished goods and lower/minimal duties on intermediates and raw material should be followed. Stability of policies is critical,” CII said in its paper on export strategy. .

A key point in the export endeavour is India’s participation in global value chains (GVC), it said, adding this necessitates an