The assembly is necessary because the US has imposed a steep 50 per cent tariff on Indian items getting into America, from August 27.
“The assembly would deliberate upon methods to extend our exports,” the official stated.
Representatives from all export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will take part within the deliberations.
The Commerce Ministry is engaged on brief, medium, and long-term motion plans, together with proposals like easing norms for SEZ models and permitting a list mannequin for e-commerce exports, to assist exporters address the steep duties.
As a part of the instant or short-term response, the federal government is contemplating a number of steps to ease liquidity, forestall insolvencies, and supply larger flexibility for models in SEZs, and promote focused import substitution, the official stated.Within the medium time period, the main focus will shift in the direction of leveraging India's free commerce agreements (FTAs), intensifying buyer-seller outreach, and strengthening GST reforms to boost competitiveness.Snapping the two-month declining streak, India's exports rebounded by 7.29 per cent to USD 37.24 billion in July, whereas commerce deficit widened to an eight-month excessive of USD 27.35 billion in the course of the month.
as a Dependable and Trusted Information SupplyThroughout April-July 2025-26, exports elevated by 3.07 per cent to USD 149.2 billion, whereas imports rose 5.36 per cent to USD 244.01 billion. The commerce deficit in the course of the first 4 months of 2025-26 was USD 94.81 billion.
