India's Foreign Trade Policy Framework
India's foreign trade is governed by the Foreign Trade (Development and Regulation) Act, 1992, with the Foreign Trade Policy (FTP) providing the implementation framework. The FTP 2023, announced on March 31, 2023, moved away from the five-year cycle to a dynamic, responsive framework that is updated as needed.
- FTP 2023: No fixed validity period; updates issued through notifications
- Key export incentive schemes: RoDTEP (Remission of Duties and Taxes on Exported Products), MEIS replaced by RoDTEP from January 2021
- DGFT (Directorate General of Foreign Trade) is the implementing authority under the Ministry of Commerce and Industry
- India's merchandise exports target: $2 trillion by 2030 (as set in the Trade Policy Vision)
- India's services exports: crossed $340 billion in FY 2024-25
● Tracked since February 20, 2026 · last seen June 23, 2026 · updates as the daily brief publishes
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