SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Interest subsidy scheme could be extended to more export sectors: Sharma

Interest subsidy scheme could be extended to more export sectors: Sharma

25 Mar 2013 Evaluate

Worried by declining exports and the rising trade account deficit, Commerce and Industry Minister Anand Sharma said, in the upcoming foreign trade policy (FTP), the interest subsidy scheme could be extended to more export sectors as the country faces a trade deficit crisis because of the contraction in exports. Trade deficit for the first 11-month of the fiscal stood at $182 billion and is expected to reach at $196 billion in the current fiscal.     

In the Board of Trade meeting, that had representatives from finance, external affairs, MSMEs, textiles and DIPP, Sharma expressed the need to enhance the export as declining export is hurting the country’s trade deficit. 'The trade deficit would become unmanageable because it directly impacts the current account deficit, and both of them together put pressure on the valuation of our currency,' he added.

In the first 11-month of this fiscal, India’s exports declined by 4% to $265.95 billion, while, the country’s current account deficit touched an all time high of 4.6% of the GDP in the first half of this fiscal and is estimated to touch 5% this fiscal.

Further, the government is also looking at ways to increase exports through the FTP to bridge the growing deficits in the trade and the current account and bring the balance of payment under control. The commerce ministry is also examining a number of proposals from the industry that include extending direct cash incentives to exporters of a larger number of products to targeted markets. T

The annual FTP is expected to come in the first week of April. The government is also considering an export development fund with a likely corpus of about Rs 5,000 crore to Rs 10,000 to help the exporters in their marketing initiatives.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×