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INDIA'S SHARE IN WORLD TRADE 0.67%
New Delhi ~ July 27, 2001
The share of India's merchandise exports in world trade is 0.67% during the year 2000 according to the WTO report. Indicating this in a written reply in the Lok Sabha today Shri Murasoli Maran, Union Minister of Commerce & Industry said that export promotion being a constant
endeavour of the government export progress was constantly monitored and export strategy and export policies formulated. A number of steps have been taken to enhance the export growth which include reduction in transaction costs through decentralisation
simplification of procedures and various other measures as enumerated in the Exim Policy. Steps have also been taken to promote exports through multilateral & bilateral initiaites - identification of thrust sectors and focus regions. Special Economic Zones are being set up to further boost the exports. Besides these the measures announced in the new Exim Policy 2001-2002 inter-alia include promotion of agricultural exports, market access initiative, setting up business cum trade facilitation centre and trade portal, strengthening of the Advance, Licensing Scheme, Duty Free Replenishment Certificate (DFRC), Duty Entitlement Pass Book (DEPB) Scheme etc. he added.
Meanwhile the share of export of services to the country's total exports of merchandise goods and services has increased from a level of 20.05% in 1990-91 to 29.91% in 1999-2000. The increase in the export of services was mainly on account of the increase in the export of software services. However the details regarding the number of professionals non-professionals in the service sector are not available.
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