NEW DELHI: Exports to the US have increased even after the Trump administration made India a special business preference for India. The increase is around 32%. This has been conveyed by the Trade Promotion Council of India. In fact, President Donald Trump had taken away GSP status from India in order to benefit US domestic businessmen. India had also opposed the move. But the figures are telling that India has not suffered.
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Referring to data from the US International Trade Commission, the Indian Trade Promotion Council said that the export of Indian goods which were benefiting from GSP increased from 49.57 million dollars in June last year to 65.74 million dollars in June this year. Exports of products such as plastic rubber, aluminium, machine and equipment, transport equipment, leather, pearls and precious stones have increased.
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In a statement issued by TPCI chief Mohit Singla, the Trade Promotion Council of India, TPCI said, the export of Indian products removed from the GSP facility in June this year has increased by 32% compared to June this year. He said this is an important trend as it had earlier claimed a $19 million PYDA under the GSP. Singla said India has the potential to compete globally.
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