Govt to extend incentives to boost exports: N.Sitharaman

The Government today said fall in India's exports have been arrested in May and now it is time to extend incentives to boost the overseas shipments. 

Commerce and Industry Minister Nirmala Sitharaman said, although the pick up in exports may be slow but the bottoming out has happened. The Minister said, government will extend incentives to boost exports. 

The remarks assume



significance as exports fell for the 18th month in a row in May, though marginally by 0.79 per cent, to 22.17 billion dollars as several non-oil sectors such as engineering and gems and jewellery saw a rise in outward shipments.

Further talking about the 20 per cent customs duty on sugar exports, Ms Sitharaman said the move would help in increasing availability of the commodity in the domestic market.