The Commerce Ministry has set up a 12-member high-level advisory group to look at ways of promoting India’s trade. It would also look at areas including exchange rate management, impact of trade wars and strategy to manage consequences of unprecedented de-stabilising conflict oriented trade dynamics.
That apart, the group would examine prevailing trade dynamics, and suggest framework for India to engage in future international trade. The group on future foreign trade policy would suggest to boost India's trade qualitatively and quantitatively.
The panel would be headed by Prime Minister's Economic Advisory Council (PMEAC) part-time member Surjit Bhalla. The other members include Principal Economic Adviser Sanjeev Sanyal, former commerce secretary Rajiv Kher and Quality Council of India Chairman Adil Zainulbhai.
Since 2011-12, the country’s exports have been hovering at around $300 billion. During 2017-18, the shipments grew by about 10 percent to $303 billion. Promoting exports helps a country to create jobs, boost manufacturing and earn more foreign exchange.