India to extend export tax refund support to shield exporters from Gulf trade shock

Published on 7 May 2026

A five year extension adds more money to offset surging freight

India’s government is set to strengthen its export tax refund scheme by extending it for another five years and boosting funding. The move targets exporters hit by geopolitical strain linked to the Middle East crisis and rising shipping costs, aiming to keep trade flows resilient and help Indian companies compete globally despite higher logistical pressures.

Export tax refund scheme will be extended for five more years
Funding for the initiative is expected to increase
Support is aimed at exporters facing Gulf-linked trade disruption
Rising freight costs are a key pressure point

#export incentives #india economy #foreign trade #gulf crisis #freight costs

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

India to extend export tax refund support to shield exporters from Gulf trade shock

The full experience is on mobile.