On March 31, Commerce Minister Piyush Goyal unveiled the New Foreign Trade Policy. Until now, we were in an incentive-based system, where exporters were given incentives. Now we are shifting to a remission-based approach, where exports will be given some leeway while paying taxes. Primarily, the policy hopes to achieve the targeted export of $2 trillion by 2030. Amiti Sen explains.
Credit:
Reporter- Amiti Sen.
Video- Kamal Narang
Producers: V Nivedita, Nabodita Ganguly & Jayapriyanka J