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Bloomberg
India announced incentives worth $131 million as it seeks to double overseas shipments by 2020 amid slowing trade as well as help exporters tide over a chaotic roll out of the new sales tax.
The increased benefits for exporters in labour-intensive businesses including textiles and farms is in addition to incentives worth 250 billion rupees already available to traders, said India’s commerce secretary Rita Teotia in New Delhi. While micro and small businesses can access benefits worth 45.7 billion rupees, incentives worth 27.43 billion rupees have been extended to garment exporters, Teotia said.