Foreign Trade Policy (FTP) 2023
Framework for Export Promotion
India's Foreign Trade Policy 2023, released on April 1, 2023 (for 2023-28), provides the overarching framework for India's trade promotion efforts. Key features include: a dynamic FTP (no fixed 5-year revision cycle; updated continuously); focus on export facilitation through digital platforms (DGFT online portal); incentives for Merchant and Status Holder exporters; Districts as Export Hubs (DEH) initiative; and integration of Indian rupee in trade settlements. The FTP 2023 extended and revised RoDTEP coverage, positioned it as the core of India's WTO-compliant export support architecture. The 50% rate cut by DGFT notification amends the rates notified under FTP 2023, using DGFT's delegated authority to modify Appendix 4R rates.
- FTP 2023: Effective April 1, 2023; dynamic policy (no fixed revision cycle)
- DGFT: Directorate General of Foreign Trade; under Ministry of Commerce; implements FTP
- Districts as Export Hubs (DEH): 748 districts identified; district-specific export development plans
- Status Holder exporters: Based on export performance thresholds; Star Export Houses (1 to 5 Star); special benefits
- RoDTEP's FTP basis: Appendix 4R and 4RE of FTP list product-specific RoDTEP rates
- DGFT's authority: Can modify Appendix rates by notification without amending the main FTP document
- FTP 2023 stated vision: $2 trillion exports by 2030; rupee trade settlement; export facilitation
● Tracked since February 24, 2026 · last seen August 20, 2026 · updates as the daily brief publishes