India’s new trade policy aims at $2tn exports by 2030

India’s Foreign Trade Policy (FTP) aims to achieve $2tn in exports by 2030, split equally between goods and services, and encourages trade settlements in rupees. The policy takes effect from 1 April and is designed to expand India’s share in the global supply chain and exports. The government has launched a dynamic policy without a sunset clause and will launch a ?massive, focused, concentrated? global outreach in the next four or five months, involving Indian missions abroad to boost exports.