<h1>India's Trade Deficit Shrinks: Government Policies Boost Exports, Improve Balance from $62.74B in 2013 to $34.07B in 2017.</h1> India's trade deficit has improved over recent years, decreasing from $62.74 billion in 2013-14 to $34.07 billion in 2016-17. The government has implemented several measures to boost exports, including the New Foreign Trade Policy 2015-20, the Merchandise Exports from India Scheme (MEIS), and the Services Exports from India Scheme (SEIS). Additional initiatives include the Niryat Bandhu Scheme for mentoring new exporters, reducing mandatory export/import documents, facilitating online applications and payments, and providing cheaper credit through the Interest Equalization Scheme. Access to duty-free raw materials and capital goods is also maintained to support exporters.