India to Subsidize Rising Costs for Small Exporters, Trade Official Says

India's government plans to offer subsidies to small exporters affected by increased freight and insurance costs, according to Jin10. The subsidies will cover up to 50% of the additional expenses incurred by these exporters. This move aims to alleviate the financial burden on smaller businesses and support their competitiveness in the global market. The decision comes amid rising logistical costs that have impacted various sectors, prompting the government to take action to ensure the sustainability of small-scale exporters.