Lok Sabha Question No. 205 (STARRED), answered on 2016-08-01
Subject: India's Share in Global Trade
Ministry: COMMERCE AND INDUSTRY
Asked by: JAYADEV GALLA

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

## LOK SABHA STARRED QUESTION NO. 205 TO BE ANSWERED ON 1 st  AUGUST, 2016

## INDIA'S SHARE IN GLOBAL TRADE

## *205. SHRI JAYADEV GALLA:

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

- (a) the share of India's exports in the global trade at present;
- (b) whether the Government has taken steps to acquire a greater share in global trade including mapping of region-specific exports and if so, the details thereof;
- (c) the  extent  to  which  these  steps  are  likely  to  help  capture  greater  market  share  in global trade and achieve the export targets; and
- (d) whether  special  emphasis  has  been  given  to  certain  sectors  including  the  food processing sector in this regard and if so, the details thereof?

## ANSWER

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (INDEPENDENT CHARGE) (SMT. NIRMALA SITHARAMAN)

- a) to  d):  A Statement is laid on the Table of the House.

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## STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK SABHA STARRED QUESTION NO. 205   FOR ANSWER ON 1 st  AUGUST, 2016 REGARDING 'INDIA'S SHARE IN GLOBAL TRADE'

- (a) The share of India's exports in global trade was 2.2% as in the year 2015, according to data published  by  WTO.  Of  this,  the  share  of  merchandise  exports  was  1.6%  and  share  of commercial services was 3.3%.
- (b) Government has taken a number of steps to acquire greater share in global trade. Following are some of the important steps taken by the Government:
- i) Deepening market access in select countries and promoting region specific exports by entering into free trade agreements.
- ii) Enhancing  export  competitiveness  through  support  under  the  Merchandise  Exports from India Scheme. The scheme was introduced in April, 2015 to provide thrust to region specific exports of specified products. In May 2016, the scheme was extended to cover all regions for all notified products.
- iii) Providing facility for duty free import of inputs and machinery required for export production.
- iv) Providing refund of duties paid on export products.
- v) Reducing cost of capital through interest equalisation of 3% on all exports from the MSME sector and notified exports from other sectors under theInterest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit.
- vi) Reducing  transaction  cost  through  reduction  in  number  of  mandatory  documents required  for  exports  and  imports,  facility  of  online  filing  of  applications  and introduction of 24x7 operations at 17 Sea ports and 18 airports.
- vii) Promoting product standards, packaging and branding of Indian products.
- viii) Promoting access to new product markets/regions through Market Access Initiative and Market Development Assistance schemes.
- ( c) While  Government  is  taking  a  number  of  initiatives  to  increase  exports,  it  is  not possible to predict the  exact outcome in terms of capturing greater market share in global  trade.  The  actual  exports  will  also  depend  on  a  large  number  of  factors related to the global economy, as they shape in the future.
- (d) Emphasis  has  been  placed  under  the  Merchandise  Exports  from  India  Scheme  and Interest  Equalisation  Scheme  on  various  products  including  on  products  related  to agriculture,  processed  food,  handicraft,  apparel,  leather  products  and  industrial machinery.

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