Govt considering incentives for exporters amid global uncertainty, source says

Mar 11, 2025

Synopsis
India is developing plans to offer incentives to exporters, according to a government source who spoke to Reuters on Tuesday. This comes as global trade faces uncertainty. The source stated that "A decision on the matter will be taken within a month."

India is considering new incentives for its exporters amid global trade uncertainty and the potential impact of tariffs threatened by the Donald Trump administration on shipments to the United States, a government official said on Tuesday.

Pressure on Indian exporters is mounting due to aggressive policies being pursued by trade partners like the U.S. and the European Union.

The government is expected to make a decision on providing incentives to exporters within a month and funding has already been allocated in the budget for the year beginning April 1, the official, speaking on the sidelines of an event, said.

The Indian government did not immediately reply to an email seeking comment.

India's exports in February were affected by the threat of U.S. tariffs, the official said. India will release trade data for February on March 17.

[The Economic Times]