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India's export performance remains uninspiring amid weak global position

In 2015, the government said that it aims to increase India's exports of merchandise and services from $465.9 billion in 2013-14 to approximately $900 billion

India's economy, trade, trade policy
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The WTO dispute settlement panel upheld the plea of the complainants and India’s appeal remains unheard as the appellate body does not have enough judges to hear the matter. | Image: Bloomberg

TNC Rajagopalan

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Today marks 10 years since the Modi government introduced its first Foreign Trade Policy (FTP 2015-20) that lasted for 8 years before the current FTP 2023 came in. Here is a brief assessment. 
In 2015, the government said that it aims to increase India’s exports of merchandise and services from $465.9 billion in 2013-14 to approximately $900 billion by 2019-20 and to raise India’s share in world exports from 2 per cent to 3.5 per cent. This financial year, goods and services exports together are expected to be around $780 billion and their share in global exports around 2.8 per
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