Lok Sabha Question No. 4716 (UNSTARRED), answered on 2023-03-29
Subject: Goods and Services Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: Manickam Tagore B

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY (DEPARTMENT OF COMMERCE)

## LOK SABHA UNSTARRED QUESTION NO. 4716 TO BE ANSWERED ON 29 th  MARCH,2023

## GOODS AND SERVICES EXPORTS

## 4716.   SHRI MANICKAM TAGORE B.:

Will the Minister of COMMERCE & INDUSTRY ( वाणिज्य एवं उद्योग मं त्री ) be pleased to state:

- (a) whether India's goods and services exports are expected to cross $ 750 billion mark this fiscal year;
- (b) if so, the details thereof;
- (c) whether the trade deficit with China has been increasing year after year and if so, the details thereof;
- (d) whether the Government is taking steps to boost local manufacturing of quality goods which will help in containing imports; and
- (e) if so, the details thereof?

## ANSWER

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## THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SMT. ANUPRIYA PATEL)

- (a) and (b): The overall (merchandise plus services) exports increased from US$ 605.01 billion in 2021-22 ( April-February) to US$ 702.88 billion in 2022-23 (April-February), registering a positive growth of 16.18 %. Supposing the same growth momentum, India's overall export is expected to cross US$ 750 billion for the year 2022-23.
- (c): India's trade deficit with China has decreased progressively every year from 2017-18 to 2020-21. It increased in 2021-22 compared to 2020-21.
- (d) & (e): The Government has taken the following major steps to boost local manufacturing of quality goods and reduce import:
1. 'Make  in  India'  was  launched  on  September  25,  2014,  to  facilitate  investment,  foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. It was one of the first 'Vocal for Local' initiatives that exposed India's manufacturing domain to the world.

2. 'Make in India' has made significant achievements and is now focusing on 27 sectors under 'Make in India 2.0'. Department for Promotion of Industry and Internal Trade (DPIIT) coordinates  action  plans  for  15  manufacturing  sectors,  while  Department  of  Commerce coordinates 12 service sector plans.
3. In  addition to ongoing schemes of various Departments and Ministries, Government has taken various steps to boost domestic and foreign investments in India. These include the introduction  of  Goods  and  Services  Tax,  reduction  in  Corporate  tax,  interventions  to improve ease of doing business, FDI policy reforms, measures for reduction in compliance burden,  policy  measures  to  boost  domestic  manufacturing  through  public  procurement orders, Phased Manufacturing Programme (PMP), to name a few.
4. Project Development Cells (PDCs) have been set up in 29 Ministries/Departments to fast track investment in coordination between the Central Government and State Governments and  enhance  the  pipeline  of  investible  projects  in  India  and  in  turn  increase  domestic investment and FDI inflows.
5. Keeping in view India's vision of becoming 'Atmanirbhar', Production Linked Incentive (PLI) Schemes for 14 key sectors [with an incentive outlay of Rs. 1.97 lakh crore (over US$26 billion)] are under implementation to enhance India's Manufacturing capabilities and  Exports.  These  key  sectors  are:  (i)  Mobile  Manufacturing  and  Specified  Electronic Components, (ii) Critical Key Starting Materials/Drug Intermediaries & Active Pharmaceutical Ingredients, (iii) Manufacturing of Medical Devices (iv) Automobiles and Auto  Components,  (v)  Pharmaceuticals  Drugs,  (vi)  Specialty  Steel,  (vii)  Telecom  & Networking Products, (viii) Electronic/Technology Products, (ix) White Goods (ACs and LEDs), (x) Food Products, (xi) Textile Products: MMF segment and technical textiles, (xii) High efficiency solar PV modules, (xiii) Advanced Chemistry Cell (ACC) Battery, and (xiv) Drones and Drone Components.
6. An Empowered Group of Secretaries (EGoS) has been created in order to provide support and facilitation to investors for investing in India and to boost growth in key sectors of the economy.

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