Lok Sabha Question No. 2135 (UNSTARRED), answered on 2023-08-02
Subject: Decline in Exports
Ministry: COMMERCE AND INDUSTRY
Asked by: Ravneet Singh

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

## LOK SABHA UNSTARRED QUESTION NO. 2135 ANSWERED ON 02/08/2023

## DECLINE IN EXPORTS

## 2135.   SHRI RAVNEET SINGH BITTU:

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

- (a) whether it is a fact that there has been decline in the exports of the country;
- (b) if so, the details thereof during the last three years, month-wise;
- (c) the details of the reasons for the drop in the volume of exports from the country;
- (d) whether the Government is taking any measures to improve the export volume of goods of the country; and
- (e) if so, the details thereof and if not, the reasons therefor?

## ANSWER

okf.kT; ,oa m|ksx ea=ky; esa jkT; ea=h ¼Jherh vuqfiz;k iVsy½

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

(a) to (c): India's overall export (merchandise plus services) increased from US$ 497.7 billion in 2020-21 to US$ 676.53 billion in 2021-22, registering a positive growth of  35.88% and it increased to US$ 776.30 billion in 2022-23, registering a positive growth of 14.75%. Month-wise India's value of overall export (merchandise plus services) during last three years are given at Annexure .

- (d) & (e): The Government has taken the following measures to  improve India's export of goods:
- (i) New Foreign Trade Policy  has been launched on 31 st March, 2023 and came in to effect from 1st April, 2023.
- (ii) Interest Equalization Scheme on pre and post shipment rupee export credit has also been extended upto 31-03-2024.
- (iii) Assistance  provided  through  several  schemes  to  promote  exports,  namely,  Trade  Infrastructure  for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme.

- (iv) Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote  labour oriented sector export has been implemented since 07.03.2019.
- (v) Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since 01.01.2021. With effect from 15.12.2022, uncovered sectors like pharmaceuticals, organic and inorganic chemicals and article of iron and steel has been covered under RoDTEP. Similarly, anomalies in 432 tariff  lines  have  been  addressed  and  the  corrected  rates  have  been  implemented  with  effect  from 16.01.2023.
- (vi) Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.
- (vii) Districts as Export Hubs has been launched by identifying products with export potential in each district, addressing  bottlenecks  for  exporting  these  products  and  supporting  local  exporters/manufacturers  to generate employment in the district.
- (viii) Active  role  of  Indian  missions  abroad  towards  promoting  India's  trade,  tourism,  technology  and investment goals has been enhanced.
- (ix) Regular  monitoring  of  export  performance  with  Commercial  Missions  abroad,  Export  Promotion Councils, Commodity Boards/ Authorities and Industry Associations and taking corrective measures from time to time.

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## Annexure

Statement referred to in reply of part (a) to (c) of Lok Sabha Unstarred question No. 2135 for answer on 2 nd August, 2023.

Month-wise overall export (merchandise plus services) during last three years

(Value in US$ million)

| Month     |   2020-21 |   2021-22 |   2022-23 |
|-----------|-----------|-----------|-----------|
| April     |     26.62 |     48.81 |     63.75 |
| May       |     36.01 |     50.16 |     64.13 |
| June      |     39.03 |     52.79 |     69.2  |
| July      |     40.81 |     54.87 |     62.6  |
| August    |     39.27 |     53.84 |     63.52 |
| September |     44.84 |     55.42 |     64.61 |
| October   |     41.5  |     56.1  |     56.95 |
| November  |     40.7  |     52.47 |     61.87 |
| December  |     45.94 |     65.25 |     69.16 |
| January   |     44.9  |     56.86 |     63.78 |
| February  |     45.48 |     58.46 |     64.39 |
| March     |     56.05 |     71.52 |     72.34 |

Source: DGCI&S and RBI