Simplified Trade Finance
After a surprisingly lackluster Budget as far as the MSME and export sectors are concerned, stakeholders from these sectors face increasing worry about what the future holds for them. What is needed to pull Indian exporters from their post-Budget blues?
It has been a rather quiet week for Indian exports, as stakeholders braced themselves for the Union Budget. However, it has also been a mostly positive week for the sector, with good news coming in from various quarters.
There is no avoiding dealing with the mercurial US administration, as Indo-US trade is a key component of India’s international policy. So deciphering the American conundrum will be a key challenge for Indian policymakers.
Despite recent heightened tensions, both India and the US are eager to avoid the prospect of a trade war. Hence, it is hardly surprising that there are high expectations from US Secretary of State Mike Pompeo’s visit to India next week.
Set to be presented on 5th July, the upcoming Union Budget’s provisions will be closely monitored by industry and trade stakeholders, as India fends off increasing international challenges at the WTO while also attempting to boost trade and exports.