<h1>Trade Deficit Narrows; 98% Exporters Unaffected by MEIS Cap; New RoDTEP Scheme to Boost Manufacturing Sectors Growth.</h1> The country's exports and imports are showing positive trends, with a narrowing trade deficit, according to the Union Minister of Commerce and Industry. The Minister assured that the cap on the Merchandise Export from India Scheme (MEIS) will not impact 98% of exporters. A new scheme, RoDTEP, will replace MEIS, reimbursing embedded taxes and duties. The Minister emphasized the importance of reliable trade data and identified 24 focus manufacturing sectors for potential growth. He acknowledged challenges in sectors reliant on discretionary spending and promised to address issues beyond the Ministry's scope with relevant departments.