US tariff shield: Export promotion mission heads to Cabinet, Rs 25,000 crore support on table

The Indian government’s Export Promotion Mission, aimed at protecting exporters from global trade shocks, is nearing Union Cabinet approval after inter-ministerial consultations. Announced in the Union Budget, the scheme proposes roughly Rs 25,000 crore in support measures for exporters over six financial years (2025-2031). This initiative could buffer Indian exporters against uncertainties like the recent US tariff hike.