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Trade policy pill for deficit
Trade policy pill for deficit
The upcoming foreign trade policy is likely to announce measures to boost exports that will bring down the current account deficit. Interest sops, extension of focus market and focus product schemes and incentives to SEZs are among the measures being considered.
The annual supplement to the Foreign Trade Policy 2009-2014 is likely to be unveiled in early April. The government is likely to set an export target of around $375 billion for 2013-14, a marginal increase from the current fiscal, as shipments are expected to pick up with the global economy showing signs of recovery.
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