The new Foreign Trade policy (FTP) is expected to help boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement-based regimes.
In a conversation with NDTV, the Director General of Foreign Trade (DGFT), Santosh Sarangi, said that India is likely to end this fiscal year with total exports of $760-770 billion as against $676 billion in 2021-22. "We are expecting to cross the 760-765 billion mark this year. Last year, 676 billion was also the highest ever. The services export will cross 300 billion for the first time," said Mr Sarangi, who released the new Foreign Trade policy on Friday.
