Counting hits and misses of India’s Foreign Trade Policy

In what is a rare positive news coming out of the Indian economy, Indian exports are showing a promising growth despite an ongoing pandemic. The Union Commerce and Industry Minister Piyush Goyal reaffirmed last month that exports from India were on track for hitting the ambitious target of $400 billion set for 2021-22, amounting to a 37% growth over the last year’s figure.
This remarkable surge, when seen against a subdued domestic sentiment and equally sluggish demand explains why most businesses in India are keenly awaiting the new foreign trade policy, now expected to be announced in April next year.