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India approves ₹450.6B export-support package amid U.S. tariff squeeze
India’s Union Cabinet sanctioned a ₹450.6 billion (US$5.1B) aid package to support exporters hit by recent U.S. tariffs. The plan includes ₹200 billion in credit guarantees for collateral-free loans and ₹250.6 billion over six years for trade finance and promotion.
Labor-intensive sectors like textiles, jewellery, and leather are expected to benefit the most, as the government aims to help them navigate higher U.S. duties and access new markets.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
positive
India approves ₹450.6B export-support package amid U.S. tariff squeeze
India’s Union Cabinet sanctioned a ₹450.6 billion (US$5.1B) aid package to support exporters hit by recent U.S. tariffs. The plan includes ₹200 billion in credit guarantees for collateral-free loans and ₹250.6 billion over six years for trade finance and promotion.
Labor-intensive sectors like textiles, jewellery, and leather are expected to benefit the most, as the government aims to help them navigate higher U.S. duties and access new markets.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
1 min read
67 words
India launches a $5.1B export relief package to support firms hit by steep U.S. tariffs, especially in labour-intensive sectors.
India’s Union Cabinet sanctioned a ₹450.6 billion (US$5.1B) aid package to support exporters hit by recent U.S. tariffs. The plan includes ₹200 billion in credit guarantees for collateral-free loans and ₹250.6 billion over six years for trade finance and promotion.
Labor-intensive sectors like textiles, jewellery, and leather are expected to benefit the most, as the government aims to help them navigate higher U.S. duties and access new markets.
India’s Union Cabinet sanctioned a ₹450.6 billion (US$5.1B) aid package to support exporters hit by recent U.S. tariffs. The plan includes ₹200 billion in credit guarantees for collateral-free loans and ₹250.6 billion over six years for trade finance and promotion.
Labor-intensive sectors like textiles, jewellery, and leather are expected to benefit the most, as the government aims to help them navigate higher U.S. duties and access new markets.
Tags:
- economy
- india
- economy
- india
- exports
- policy
- trade