Govt to extend interest subsidy for some exports until March '14

Govt to extend interest subsidy for some exports until March '14

FP Archives December 20, 2014, 14:55:28 IST

India will extend interest subsidy for some exports until March 2014, Trade Minister Anand Sharma told reporters on Wednesday.

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Govt to extend interest subsidy for some exports until March '14

New Delhi: India will extend interest subsidy for some exports until March 2014, Trade Minister Anand Sharma told reporters on Wednesday.

India’s exports have grown just once in the last nine months, hurt by a weak demand in developed economies. Meanwhile, import bill has risen due to high commodity prices and a weaker rupee, leaving the country with a high trade deficit.

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Reuters

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