Ftp Mid-term Review
FTP 2023 pragmatic, will pump country's share in global trade: India Inc
India's new foreign trade policy is pragmatic and positive, and has set a stage for exporters to increase the country's share in global trade, industry bodies and experts said. Commerce and Industry Minister Piyush Goyal unveiled a 'dynamic and responsive' Foreign Trade Policy 2023 on Friday with the objective of raising the country's outward shipments to USD 2 trillion by 2030, pushing the rupee trade and incentivising e-commerce exports. Director General of industry chamber CII Chandrajit Banerjee said with many innovative measures, the new FTP will go a long way to help India achieve USD 2 trillion in exports of goods and services and is in line with the many policy announcements to promote exports in the recent past. "At a time when the world is looking for resilient global value chains, FTP 2023 will facilitate the regulatory environment, foster globally competitive firms and make exports more inclusive," he said. Commenting on the policy, Assocham Secretary General Deepak Soo
 "FTP 2023 pragmatic, will pump country's share in global trade: India Inc")
'India ready for rupee trade with countries facing currency crises'
Commerce Secretary Sunil Barthwal on Friday said India is ready to trade in Indan Rupee with countries which are facing currency failure or have dollar shortage. Speaking after the unveiling of Foreign Trade Policy (FTP) 2023 which seeks to increase India's exports to USD 2 trillion by 2030, the secretary also said the government is focusing on strengthening the rupee payment system. Changes have been made in the FTP to allow international trade settlement in Indian Rupee with a view to making INR a global currency. Addressing the gathering, Commerce and Industry Minister Piyush Goyal exuded confidence that the export target of USD 2 trillion by 2030 will be met. He stressed that any industry cannot succeed only on the basis of subsidy or crutches. In the coming days, the idea of exports will change in the country, Goyal said. FTP 2023 has been announced to provide policy continuity and a responsive framework, said Director General of Foreign Trade (DGFT) Santosh Sarangi. The FT
 "'India ready for rupee trade with countries facing currency crises'")
Foreign Trade Policy mid-term review tomorrow, may address exporters' woes
The mid-term review was earlier supposed to be released before July 1, in line with the introduction of GST
 "Foreign Trade Policy mid-term review tomorrow, may address exporters' woes")
