Regulatory Relievers and Strategic Global Ambitions in Trade Policy

Published

The Directorate General of Foreign Trade (DGFT) has proposed exempting small export consignments valued up to ₹10,000 from Registration-cum-Membership Certificate (RCMC) requirements to streamline operations for micro, small, and medium enterprises (MSMEs), e-commerce sellers, and artisans shipping through postal or courier channels. Concurrently, during its eighth Trade Policy Review at the World Trade Organization (WTO), India outlined its ambitious vision under the “Viksit Bharat” framework to elevate its global merchandise export share from 1.8% in 2024 to nearly 10% by 2047, while advocating for consensus-based and development-centered WTO reforms. However, Indian agricultural exporters face major hurdles abroad due to heightened food-safety scrutiny, evidenced by 365 notifications from the European Union over pesticide residues and contamination, as well as Japan’s import suspension on Alphonso and Kesar mangoes due to fumigation deficiencies. Meanwhile, regional trade dynamics show Tamil Nadu emerging as a prominent export driver, securing 13.3% of India’s total exports in FY26 driven by electronics and automotive growth, even as severe West Asian geopolitical conflicts trigger shipping blockades and escalations that threaten global energy and trade supply chains.

Get in touch with us

Fill the following details and send your query to us and we will provide the support you need.

Support Center 24/7

+022 4322 4000 (25 lines) Time : 10 AM - 6 PM

Our Location

1st Floor, Old Oriental Building, 65 M.G. Road, Mumbai: 400023