The government is expected to soon roll out support measures under the proposed ₹2,250-crore Export Promotion Mission aimed at insulating Indian industry from global trade disruptions triggered by the recently announced 50% US tariffs on Indian goods.
“We are in dialogue with exporters to see how we can support them best, including ease of doing business, boosting domestic consumption, and tapping new supply chains, markets, and products,” an official said.
The mission is likely to feature easy credit schemes for MSME and e-commerce exporters, facilitation of overseas warehousing, and global branding initiatives to capture emerging opportunities. Announced on February 1, the mission will be implemented in two categories — Providing Trade Finance Support (NIRYAT PROTSAHAN) and Driving International Holistic Market Access (NIRYAT DISHA).
The Directorate General of Foreign Trade (DGFT) has already made a presentation on April 30 to export promotion councils and other stakeholders.
Meanwhile, the GST Council is expected to meet soon to discuss rate rationalisation and the future of the compensation cess — a move industry bodies say will aid domestic demand.
The commerce ministry has held multiple meetings in recent days to gauge the impact of the tariff shock, which is expected to hit sectors such as textiles, chemicals, leather, and footwear the hardest.
India’s exports remained flat at $35.14 billion in June due to global headwinds, even as the trade deficit narrowed to a four-month low of $18.78 billion. Key export categories including petroleum, fabrics, gems and jewellery, leather, iron ore, oilseeds, cashew, spices, tobacco, and coffee posted negative growth.
For April–June 2025-26, exports grew 1.92% to $112.17 billion, while imports rose 4.24% to $179.44 billion.
