India must radically rethink its export strategy or risk stagnation, cautions Policy Circle Bureau, a think tank, following the US\u2019s 26% import duty on Indian goods\u2014briefly eased by a 90-day reprieve. While the \u20b92,250 crore Export Promotion Mission and revised duty drawback rates offer short-term relief, they fail to address deeper structural issues.<\/p>\n
With merchandise exports flat at $437.4 billion in FY25, Policy Circle Bureau argues for a shift from top-down policymaking to a state-led approach, anchored by key investors and focused on sector-specific growth. A complete overhaul of Export Promotion Councils is also seen as essential. Currently limited to ceremonial roles, EPCs must be held to performance-based KPIs such as sectoral export growth, new market access, and tariff resolution, Policy Circle suggested.<\/p>\n
Policy Circle also calls for urgent market diversification, expedited FTAs, and a realistic currency policy. Without decentralisation, regulatory overhaul, and strategic clarity, India risks losing its competitive edge in a fragmented global trade landscape, it cautioned.<\/p>\n","protected":false},"excerpt":{"rendered":"
India must radically rethink its export strategy or risk stagnation, cautions Policy Circle Bureau, a think tank, following the US\u2019s 26% import duty on Indian goods\u2014briefly eased by a 90-day reprieve. While the \u20b92,250 crore Export Promotion Mission and revised duty drawback rates offer short-term relief, they fail to address deeper structural issues. With merchandise…<\/p>\n","protected":false},"author":1,"featured_media":31196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-31195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n