India approves $5.1 billion package to aid exporters after US tariffs hit
ReutersNov 12, 2025 3:03 PM
NEW DELHI, Nov 12 (Reuters) - India's cabinet has approved spending 450.6 billion rupees ($5.13 billion) towards providing support to exporters, including 200 billion rupees in credit guarantees on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday.
The plan includes allocation of 250.6 billion rupees over six years for logistics and market support under an export promotion package to help offset the impact of recent U.S. tariff hikes.
($1 = 87.8950 Indian rupees)
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