Boost Export

Ease of Business – The government has been focusing on improving the ease of business. This should help so that companies can be easily set up or expanded. This process must be strengthened.

Tax Reform – The Goods and Services tax (GST) would help to create a single unified market in the country. It will remove a lot of distortions and streamline a company’s logistics. Hence, it must be brought forward at a reasonable rate of taxation with as few exemptions as possible.

Focus on a few ‘Sunrise Industries’ – For fast returns, there must be increased focus on a few high growth industries like food Processing, footwear manufacturing etc.

Labour Reforms – A key problem cited in the skewed business structure in India, which favors small-scale manufacturing which is inherently inefficient is the stringent labour regulations. Reform of these laws would help the businesses scale up.

Incentives for exporters – Incentives in the form of excise duty subvention, soft loans etc. would be beneficial in promoting exports.

Services related exports can be quickly scaled up and are more remunerative. Thus, the government should also focus on this segment for more value.

Diversification of Export basket – The Indian Export basket is skewed in favor of commodities. The global crash in commodities prices has thus adversely affected Indian exports. The government must see this as an opportunity and attempt to diversify its export baskets.

Reviewing the SEZ policy and tweaking it to ensure better utilization of the land and other incentives provided.

Agricultural exports suffer from the poor quality of produce and lack of uniformity in size and shape of produce which are not accepted by many countries. Strict implementation of APEDA quality norms would give boost to agricultural exports which is India’s strength.

Improving infrastructure like roads, rails and communication which would lift off current hindrances in the transport of goods.

Land: Ensure proper, adequate and timely land acquisition without negating interests of common people

Government (or the RBI ) can allow the rupee to depreciate(as is happening now),to boost export competitiveness.

Diplomatic steps to open up goods and services in which we are leaders from the negative lists of our trade partners, such as pharmaceutical, services and automobile manufacturing.

Engagement in new destinations such as Latin America, Africa and other island nations.

Single window clearance and easy access to financial mechanisms for activities related with exports.

Setting up of more SEZ, NIMZ, industrial parks

More focus on MSME (~40-45% of our exports) and traditional sectors (handicrafts, artisans, handlooms) where we can access an edge over others.

Tariff and Non-Tariff barriers: High import duties. CVD should be dealt with

Empowering the export promotion council and community boards like Silk board for better production and marketing of those products. Agricultural Export zones in the country which are around 60 can be given tax exemptions and subsidy for export purposes.

India should quickly solve the dispute on coal, iron ore and other mining issues because if dispute will solve then again mining will boost and so export.