India plans stronger exporter support as Middle East crisis strains trade flows
May 8, 2026
NEW DELHI: India is planning to raise spending on its key scheme designed to refund local taxes paid on export goods and extend the programme's tenure by five years, two government officials said, as the Middle East war clouds the county's trade outlook.
The scheme, currently valid until September 30 with a budget of a little over $1 billion, reimburses exporters for taxes and levies paid to federal, state and local authorities that are not refunded under other programmes, to make export goods more competitive.
But India's annual budget released in February nearly halved financial allocation for the scheme for the fiscal year 2026/27
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