An analysis of the Union Budget 2025, which lays out the roadmap for 10x export growth for Viksit Bharat 2047 Executive summary With a clear line of sight towards Viksit Bharat (Developed India) by 2047, the Union Budget 2025 called out, for the first time, exports as the fourth engine of the economy. Of the...
The Export Promotion Capital Goods (EPCG) Scheme is an initiative of the Indian government’s Department of Commerce facilitating the import of capital goods to produce goods and services that will enhance India’s export competitiveness. It allows the duty-free import of capital goods and raw materials for producing export goods. This comes with certain export obligations...