NITI Aayog sets up Task Force to boost exports

Posted by Daily Shipping Times on 11-09-2017        Tweet

NEW DELHI: The NITI Aayog recently constituted an Expert Task Force led by its Vice Chairman Rajiv Kumar to boost Country’s exports.

"Given the importance of exports in generating jobs, India needs to create an environment in which globally competitive exporters can emerge and flourish," the National Institution for Transforming India said. It said the task force would also address the issue of low wages by boosting India's exports in key labour-intensive industries.

The other responsibilities of the task force include recommending sector-specific policy interventions, identifying key macroeconomic factors constraining exports and suggesting methods to address these constraints, and assessing the effectiveness of existing schemes to promote exports.

The task force would also address issues related to logistics, export credits and trade facilitation, recommend measures to enhance trade in services with high employment potential, and suggest ways to enhance the availability of reliable, timely and globally comparable data on trade, the NITI Aayog said.

The NITI Aayog also recommended a shift towards more labour-intensive goods and services which are destined for exports.