Exports are regarded as an engine of economic growth in the wake of liberalization and are also considered as structural reforms in the economy. In recent times India is witnessing a slowdown in the process of exports with its traditional partners. Under these circumstances, we thus need to set in motion strategies and the policy measures which catalyze the growth of exports in several different sectors as well as in newer markets.
The Foreign Trade Policy 2015-20 and other schemes provide promotional measures in order to boost India’s exports with the objective to offset the infrastructural inefficiencies and the associated costs that are involved in order to provide the exporters with a level playing field.