India Business News: India's textile exports faced a decline for the second consecutive year in 2023-24 due to geopolitical issues impacting the global economy. Learn about the factors contributing to the decline and the outlook for the industry.
India Business News: India is examining its trade agreement with Asean to rectify discrepancies hindering domestic manufacturing. The review focuses on import duties, rule
India is reviewing its trade pact with Asean to address anomalies like the inverted duty structure disadvantaging local manufacturers. Measures such as production-linked incentive schemes, import tariffs, and import monitoring are in place to tackle the trade deficit.
India has begun looking at several products where taxes on input items are higher compared to the finished goods as part of a comprehensive review of its trade pact with the 10-member Asean to correct several anomalies that have undermined domestic manufacturing.
Merchandise Exports | Merchandise exports unlikely to recover in current fiscal because of conflicts in West Asia and Ukraine telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.