Export promotion: India needs to focus on improving competitiveness

In this regard, the credit-guarantee scheme for exporters provides additional financial support to eligible ones, including micro, small, and medium enterprises (MSMEs)

The Union government on Wednesday announced two schemes to provide relief to exporters and improve competitiveness. The shift in United States (US) trade policy has been the biggest source of global economic uncertainty this year and remains unresolved. India has been particularly affected by a 50 per cent tariff. Although US President Donald Trump recently said America was close to reaching a fair deal with India, given the recent experience, it is hard to say anything with certainty. Till the deal is announced, it will be difficult for Indian exporters, particularly small and medium-sized enterprises, to plan. Thus,