July 22, 2022
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Export policy measures boost merchandise exports, combining incentives, digital Certificate of Origin and district export hubs to aid trade.
India's merchandise exports rose from USD 185.9 billion to USD 235.7 billion in January-June 2022 with an overall sectoral growth of 26.7%. Major positive contributors included petroleum products, electronic goods, engineering goods, chemicals and textiles, while some commodities contracted. Government measures to support exports comprised extension of the Foreign Trade Policy, continued operation of export promotion schemes (TIES, MAI), implementation of RoDTEP and RoSCTL rebate mechanisms, a Common Digital Platform for Certificate of Origin, enhanced role for missions, district export hubs, and COVID-era financial relief for MSMEs.