<h1>India Extends Foreign Trade Policy to March 2023, Launches New Schemes to Boost Exports and Reduce Trade Deficit.</h1> The government has implemented several measures to enhance exports and reduce the trade deficit. The Foreign Trade Policy (2015-20) has been extended to March 2023, and the Interest Equalization Scheme on export credit is extended to March 2024. Key initiatives include the Trade Infrastructure for Export Scheme, Market Access Initiatives, and the RoSCTL Scheme for textile exports. The RoDTEP scheme and a digital platform for Certificates of Origin have been launched. Additionally, 12 Champion Services Sectors have been identified, and the Districts as Export Hubs initiative aims to boost local exports. Indian missions abroad are actively promoting trade, and financial relief packages support MSMEs.