Emerging Scenario of Facilities and Concessions to Exporters in India-An Appraisal

Abstract

Government of India like all other governments has been making sincere efforts to promote exports. After independence export promotion was given very low priority due to easy and adequate assistance from World Bank and other international institutions. After 1965 such assistance began to recede and as a result India had to depend on export promotion efforts to meet its development requirements. India then considered export promotion, as a major challenge to meet its import needs. Thus over the last couple of decades export promotion has assumed critical importance in Indian economy. The process of liberalization and globalization has further boosted the export promotion efforts. After economonic reforms, Government of India introduced various export promotion schemes like Duty Drawback, Special Economic Zone Scheme, Focus Product and Focus Market Scheme, Market Access Initiative Scheme etc to promote exports. Through this paper an attempt has been made by the researchers to study various export promotion schemes introduced from time to time to promote exports from India after economic reforms and their resultant impact.