Union Budget Should Address Slump in Exports

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  • India’s exports, since December, 2014, have been in negative territory.
  • While the primary reason has been the slowdown in the global economy, declining crude oil prices has added to the woes of the exports sector.
  • Chinese slowdown and devaluation of Yuan has come as yet another jolt for the sector.
  • The exporters expect the Union budget to address on inverted duty structure, exemption of Terminal Excise Duty on purchase of capital goods and immediate launch of the Integrated Trade Portal.