India to unveil new Foreign Trade Policy 2023-28 on Friday
The Hindu
India to unveil new Foreign Trade Policy 2023-28 on March 31, 2023
India will unveil its much-awaited new Foreign Trade Policy 2023-28 on March 31, 2023, with a view to boost exports amid slowing global trade.
Commerce and Industry Minister Piyush Goyal will announce the foreign trade policy, according to the ministry.
The current foreign trade policy (2015-20) is in force till March 31, 2022.
The term of the previous five year policy had ended in March 2020. However, it has been extended repeatedly in wake of Covid outbreak and resulting lockdowns.
The last extension was given in September 2022 till March 31, 2023.
Mr. Goyal will announce the foreign trade policy which is expected to outline the vision statement for taking India's goods and services exports to $2 trillion by 2030.
The country is likely to end this fiscal year with total exports of $760 billion as against $676 billion in 2021-22.