Economic reforms in India which began in 1991 are being taken forward through the introduction of Goods & Services Tax (GST) from 1st July 2017. GST would impact different goods & services differently. Therefore, it is important for exporters to correctly evaluate the impact of GST on different goods and services.

New initiatives are taken by the Indian Government in its foreign trade policy to create environment that provides stimulus to exports by reducing the degree of regulations and licensing control on foreign trade.