Tradeindia Exim Newsletter
28, Jaunuary 2020
CEO's Note
Budget 2020: Exports need a boost

Exports succumbed to the prolonged slowdown in the current fiscal year, and according to latest figures the sector witnessed 1.8 percent fall in overseas shipments in December, 2019. A number of global factors, including US-China trade war and slowdown in economies across the globe are responsible for this fall. Additionally, domestic factors like liquidity crisis, red tape, etc. are no less responsible. In this scenario, the sector is now pinning hope on Budget 2020 for fiscal relief and ease of doing business.

It is widely viewed that focus of the Union Budget should be on spending toward — besides exports — railways, defence and real estate sectors. In addition, sector specific incentives are expected also for sectors like NBFCs and independent power producers and distribution companies. But it has already become quite clear that in the view of our ballooning fiscal deficit, the Budget may not come with many big bang announcements.

While the tight fiscal space is a concern, as far as export is concerned, it seems a lot can be done by way of removing the existing red tape and hurdles that exist for the sector. In terms of 'ease of doing business', a lot more needs to be done on the ground level. Incentives can be provided by way of cost reductions on inputs for exports. Despite the tight fiscal situation, a way must be eked out to support the sector.

Continue Reading...
Have questions on trade related issues? Ask Here
Read More
Click here for more Trade Shows.
Upcoming Trade Shows in | January | February | March | April
We are very happy to be a registered member of This helps us to expand our online presence and visibility of Our products through online platform, Trade Fairs and Promotional Activities. There field staff is also very supportive and they guide me in proper way to expand my business through this online portal.

Mr. Amit Jain
EURO Tapes Private Limited
You have received this mail because you have subscribed for trade india's Exim Newsletter. To unsubscribe Click Here