Related Keywords: deadline for ending direct subsidies, export incentive to any sector, export subsidy regime, foreign trade policy, global market, including textiles, India, per capita gross national income, phase out all export incentives, set to cross USD thousand, textile companies, three consecutive years, World Trade Organization rules bar
India may face the larger challenge of completely phasing out all export incentives with its per capita gross national income (GNI) set to cross $1,000 for three consecutive years, after which India may soon have to phase out its export subsidy regime in the current form as World Trade Organization (WTO) rules bar it from offering export incentives to any sector, including textiles, when it reaches certain thresholds that it is nearing. The deadline for ending direct subsidies to textile companies is December 2018.
