New Delhi: India will announce on 27 August its foreign trade policy for the next five years starting from FY10, Union commerce minister Anand Sharma said on Monday.
The policy will address the problems of exporters, particularly the labour-intensive sector, he told reporters, but did not elaborate.
“We will look at market expansion and diversification. It has to ensure we sustain in difficult times and expand particularly labour-intensive sector.” he said.
India’s exports fell an annual 27.7% in June to $12.8 billion, its ninth straight monthly fall, as recession at developed nations continue to slash demand for Indian goods.