India plans five-year extension of major export incentive scheme
The government is expected to prolong the Remission of Duties and Taxes on Export Products programme for five years, seeking ₹23,000 crore for 2026-27.
A senior trade ministry official said the commerce ministry will ask the finance ministry for ₹23,000 crore to fund the export incentive scheme in the 2026-27 fiscal year. The Remission of Duties and Taxes on Export Products programme, due to end on September 30, is slated for a five-year extension. The move aims to bolster Indian exporters and maintain trade competitiveness.
Why it matters
Extending the export incentive could boost India's trade earnings and support domestic exporters.
In this story
export incentiveRemission of Duties and Taxes on Export Productsfive-year extension₹23,000 croregovernment trade sourceIndian exporters
