date:Jun 04, 2019
ion of Indian Export Organisations (FIEO), said that Indias exports to the US in 2018 were worth $51.4 billion.
But out of $6.35 billion worth of exports from India to US under the GSP scheme, the net benefit accrued by the Indian exporters was only to the tune of $260 million, and thus, at the macro level, the impact of GSP withdrawal on our exports to the US would be minimal. However, in respect of products having GSP benefits of three per cent or more, exporters may find it difficult to abso