On 22nd May, the high-level advisory group headed by Surjit Bhalla, on ways to boost Indian export, submitted its report to Union Ministry of Commerce and Industry.
It has given various non-industry specific recommendations which also include building a comprehensive export strategy and rationalization of tariff structure.
It has recommended road map for doubling India’s exports of goods and services to over US $1,000 billion by 2025.
In September, 2018, Ministry of Commerce constituted a 12 member high-level advisory group, headed by Surjit Bhalla, in order to look at ways to boost India’s share and importance in global merchandise and services trade in the challenging world scenario.
It was tasked to examine prevailing international trade dynamics, including rising protectionist tendencies, especially on part of major economies, non-engagement by some countries on outstanding issues and commitments, including WTO-Doha Development Agenda and their insistence on pursuing negotiating mandates.
