The government has launched Market Access Support Scheme of ₹4,531 crore to strengthen Indian exporters in global markets.

Under this scheme, exporters will get financial and institutional support to participate in international trade fairs, exhibitions and buyer-seller meets.

This move comes at a time of increasing tariff pressure on Indian exports by the US, so that exporters can explore new markets and reduce dependency on any one geography.

This initiative is part of the ₹25,060 crore Export Promotion Mission. ₹500 crore has been earmarked for FY26. There is a special focus on MSMEs, 35% participation is mandatory, and small exporters with turnover up to ₹75 lakh will also get partial airfare support.

Overall, this scheme is a big step towards strengthening Indian exporters on the global stage.

There may be quick relief in the huge tariffs imposed on India by America. Chief Economic Advisor (CEA) V Anant Nageswaran hoped on Thursday that the resolution of the dispute with the US over high tariffs could be resolved in the next eight to ten weeks. The US had imposed an additional 25 percent tariff on Indian products from August 27 for the purchase of oil from Russia. With this, the total tariff in America on Indian products has increased to 50 percent.

The conversation continues behind the curtain- V Anant Nagswaran
Nageswaran said in a program organized by the Board of Industry, ‘Negotiations are going on between the two governments behind the screen. I estimate that the tariff imposed by the US on Indian goods will come out in the next eight to ten weeks. He further said-‘I believe that punitive fees will not be applicable after November 30’. However, he warned that the export of Indian things to America may decline in the event of tariff continuing.

The relationship between the two countries due to tariff
After US President Donald Trump’s tariff growth decision, the relationship between the two countries became tense for some time. However, after receiving favorable indications at the level of top leadership, the discussion about the trade agreement between the two countries has started again. Describing India as a low-middle-income aspiration economy, the Chief Economic Advisor said that in the first quarter of the current financial year, the actual GDP (GDP) increased at a rate of 7.8 percent. After the Kovid epidemic, India has registered a faster growth compared to many countries. He said that with the progress of manufacturing, service and agricultural sectors, strengthening of rural demand and improvement in urban demand will give the basis of economic growth in the next two years.

What Nageshwaran said on relief in GST rates?
Nagswaran said that the relief given in GST rates recently will increase additional income in the hands of consumers. The MSME sector has increased loans and large industry units are facing structural changes in debt distribution. He said that in the first quarter of the current financial year, the current account deficit of GDP was reduced to 0.2 percent and foreign exchange reserves are also healthy. He said, “Though the rupee is weakening against the dollar, but given the strength of the economy, I am sure that the rupee will maintain its value in the long run and it will also strengthen it.”

Nagswaran said that the priorities of the government include capital expenditure, encouragement of private investment and improvement in regulatory structure. He called upon the private sector to spend more on innovation and research. On the impact of AI on the Arthi system, he said that its impact is limited at present but there will be pressure on coding jobs. He said that in such a situation people will have to increase their skills.

India plan to counter us tarifs: US President Donald Trump has announced an additional 25 percent tariff in the form of penalty for purchasing cheap oil from Russia after a 25 percent base tariff already implemented to India. Also, the American Treasury Secretary has warned that if the conversation between the US and Russia on August 15 is inconclusive, then this penalty can be increased on India.

What is India’s plan?

This announcement has created a new challenge in front of Indian exporters. Speculation about the future of economy and business is sharp. Experts believe that if the burden of tariff continues to grow in this way, then India’s GDP growth may have a negative effect. According to Moody’s report, this may cause a deep shock to the ‘Make in India’ campaign and manufacturing sector.

The Government of India has become active to deal with these challenges. According to the Business Standard report, the Ministry of Commerce and Industry has prepared a support plan of Rs 25,000 crore, which will be applicable in a period of six years. This proposal has been sent to the Finance Ministry and after getting the approval, the cabinet will be kept for approval.

What will happen in the new scheme?

Under the new scheme, small exporters will be provided collateral-free loan facility. In addition, exporters in high-risk markets will get special assistance and will also promote alternative financial instruments like cross-border factoring. Exporters say that the government will have to take concrete steps at the earliest, so that the impact of American tariffs can be reduced and India’s exports can be protected.

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