08 February 2022, Mumbai:
The reality of the day is it is no less than revelation that," Promoting exports through subsidies is not really given yielded the expected results, but fundamental state of affairs is that,"the government's RoDTEP scheme is pretty supportive in helping grow exports which is likely to touch a record USD 400 billion this year, Commerce and Industries Minister Piyush Goyal mentions on last Friday in the Rajya Sabha.
*Goyal, while responding to a query during the Question Hour in the Upper House on cut in the budget for export promotion schemes, said the government has found "very good acceptance" of the RoDTEP (Remission of Duties and Taxes on Export Products) scheme.
"Based on that (RoDTEP), exports have also been growing," he said.
Contrary to the general conception that there has been scale down in the export subsidies, the Goyal alluded the truth this year been India is expected to hit an "unprecedented performance in exports and same is likely to sustain".
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*Figures mentioned in the above article have been sourced from ET article.
