Friday, 20 January 2017

India can boost exports by $5.5 bn by cutting trade costs

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Industry chamber CII on Thursday said that its recent survey reveals that reducing costs of trade through digitisation station, inland infrastructure development and an efficient regulatory environment across four high-growth trade sectors can boost exports by 5-8 per cent. A first-of-its-kind study by Confederation of Indian Industry (CII) and Maersk reveals that reducing the costs of trade across four high-growth trade sectors by prioritising digitisation, inland infrastructure development, an efficient regulatory environment and developmental training, can boost exports by 5-8 per cent. A 10 per cent reduction can boost India's competitiveness and contribute additional revenues of up to $5.5 billion annually," it said.

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