NEW DELHI: 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 US, a government official said today.
Pressure on Indian exporters is mounting due to aggressive policies being pursued by trade partners like the US and the EU.
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 US tariffs,” the official said.
India will release trade data for February on March 17.