Lok Sabha Question No. 1239 (UNSTARRED), answered on 2022-12-14
Subject: Slowdown in Key Export Markets
Ministry: COMMERCE AND INDUSTRY
Asked by: P. C. Mohan

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

## LOK SABHA UNSTARRED QUESTION NO. 1239 TO BE ANSWERED ON 14 th  DECEMBER, 2022

## SLOWDOWN IN KEY EXPORT MARKETS

## 1239. SHRI P.C. MOHAN:

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

- (a) whether  the  Government  is  aware  of  the  demand  slowdown  from  key  export markets;
- (b) if so, the details of the same including demand drop in engineering goods export; and
- (c) the details of the measures taken by the Government to boost export?

## ANSWER

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

(a) & (b) India's overall merchandise export demand remained strong during April-October 2022 (latest available data). Merchandise exports for the period April-October 2022 was USD 263.35 billion  as  against  USD  233.98  billion  during  the  same  period  last  year  (April-October 2021) recording a positive growth of 12.55 percent. A slight decline of (-) 2.2 percent has been recorded  for  engineering  goods  export  during  the  period  Apr-Oct  2022  in  comparison  to  the same period last year.

(c) Government is encouraging and promoting Indian exports in international markets  and initiating suitable interventions from time to time. The key schemes/interventions include:

1. Market  Access  Initiative  (MAI)  Scheme  helps  Export  Promotion  Organizations/Trade Promotion Organizations/National Level Institutions/ Research Institutions/Universities/Laboratories, Exporters etc., for enhancement of exports through accessing new markets or through increasing the share in the existing markets.

2. Assistance  to  the  exporters  of  agricultural  products  is  also  available  under  the  Export Promotion  Schemes  of  Agricultural  &  Processed  Food  Products  Export  Development Authority (APEDA),  Marine  Products Export  Development Authority  (MPEDA), Tobacco Board, Tea Board, Coffee Board, Rubber Board and Spices Board.
3. Trade  Infrastructure  for  Export  Scheme  (TIES)  helps  Central  and  State  Government agencies for creation of appropriate infrastructure for growth of exports.
4. Remission of Duties and Taxes on Exported Products (RoDTEP) provides remission of Central,  State  and Local  duties/taxes/levies which  are  incurred  in  the  process  of manufacture and distribution of exported products, but are currently not being refunded under any other duty remission scheme.
5. ECGC improves the competitiveness of the Indian exports by providing them with credit insurance covers. NEIA provides additional support to the insurance cover provided by ECGC for project exports making Indian project exporters more competitive and gain a stronger  foothold  in  various  jurisdictions,  highlighting  India's  capabilities  to  execute large projects abroad.
6. Common Digital Platform for Certificate of Origin to facilitate trade and increase FTA utilization by exporters.
7. A  whole  of  Government  approach  with  active  role  of  EPCs,  Commodity  Boards  and Indian  missions  abroad  towards  promoting  India's  trade,  tourism,  technology  and investment goals has been enhanced.
8. So far,  India  has  signed  13  FTAs  and  6  PTAs.  The  Government  of  India  has  recently signed  India-UAE  Comprehensive  Economic  Partnership  Agreement (CEPA),  which entered  into  force  from  1 st May,  2022,  and  a  FTA  with  Australia  (viz.  India  Australia Economic Cooperation Trade Agreement (Ind-Aus ECTA)) which comes into force from 29.12.2022.

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