Lok Sabha Question No. 2177 (UNSTARRED), answered on 2020-03-04
Subject: Making India the Largest Exporting Country
Ministry: COMMERCE AND INDUSTRY
Asked by: Ranjanben Dhananjay Bhatt

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 2177 (H) TO BE ANSWERED ON 04 th MARCH, 2020

## MAKING INDIA THE LARGEST EXPORTING COUNTRY

2177(H). SHRIMATI RANJANBEN DHANANJAY BHATT:

Will the Minister of COMMERCE & INDUSTRY ( वािण�य एवं उ�ोग मं�ी ) be pleased to state:

- (a) whether the Government is seriously considering to make India the largest exporting country;
- (b) if so, whether the Government has taken any steps in this regard so far;
- (c) if so, the details thereof; and
- (d) if not, the reasons therefor?

## ANSWER

## okf.kT; ,oa m|ksx ea=h ( Jh ih;w'k xks;y ) THE MINISTER OF  COMMERCE AND INDUSTRY (SHRI PIYUSH GOYAL)

(a) to (d ):      India's share in world exports (Goods and Services) is 2.1 % and has been ranked 19 th (a) to (d ):      India's share in world exports (Goods and Services) is 2.1 % and has been ranked 19 in merchandise export and 8 th in services export as per the latest WTO estimates.

In order to boost India's exports, some of the steps taken by Government are as follows:

- (i) A new Foreign Trade Policy (FTP) 2015-20 was launched on 1st April 2015. The policy, inter alia,  rationalised  the  earlier  export  promotion  schemes  and  introduced  two  new  schemes, namely 'Merchandise Exports from India Scheme (MEIS)' for improving export of goods   and 'Services Exports from India Scheme (SEIS)' for increasing exports of services. Duty credit scrips issued under these schemes were made fully transferable.
- (ii) Based on Mid-term Review of the FTP 2015-20 undertaken on 5th December, 2017, incentives for labour intensive / MSME sectors were increased by 2%.
- (iii) A  new  Logistics  Division  was  created  in  the  Department  of  Commerce  for  integrated development of the logistics sector.  India's rank in World Bank's Logistics P erformance Index moved up from 54 in 2014 to 44 in 2018.
- (iv) Interest Equalization Scheme on pre and post shipment rupee export credit was introduced from 1.4.2015 providing interest equalisation at 3% for labour intensive / MSME sectors. The rate was increased to 5% for MSME sectors with effect from 2.11.2018 and merchant exporters were covered under the scheme with effect from 2.1.2019.
- (v) For improving ease of doing business, online issuance of Importer Exporter Codes (IEC), has been started. India's rank in World Bank 'Ease of Doing Business' ranking improved from 142 in 2014 to 63 in 2019 with the rank in 'trading across borders' moving up from 122 to 80.
- (vi) A new scheme called  'Trade Infrastructure for Export Scheme (TIES)' was launched with effect from 1st April 2017 to address the export infrastructure gaps in the country.
- (vii)A comprehensive 'Agriculture Export Policy' was launched on 6th December, 2018 with an aim to double farmers' income by 2022 and provide an impetus to agricultural exports.
- (viii) A new scheme called 'Transport and Marketing Assistance' (TMA) has been launched for mitigating  disadvantage  of  higher  cost  of  transportation  for  export  of specified  agriculture products.