India considers exporter incentives amid trade risks, official says

India is considering new incentives for its exporters amid global trade uncertainty and the potential impact of tariffs threatened by the Donald Trump administration on shipments to the United States, a government official said on Tuesday.

Pressure on Indian exporters is mounting due to aggressive policies being pursued by trade partners like the U.S. and the European Union.

Read more: India in talks to reduce tariffs in bilateral trade agreement with US: Sources

The government is expected to make a decision on providing incentives to exporters within a month and funding has already been allocated in the budget for the year beginning April 1, the official, speaking on the sidelines of an event, said.

The Indian government did not immediately reply to an email seeking comment.

Read more: US tariff threats may dampen Indian exports in February 2025, govt mulls sops for exporters

India’s exports in February were affected by the threat of U.S. tariffs, the official said. India will release trade data for February on March 17.