Economics · Indian Economy & Foreign Trade Policy
What was the primary objective of India's Merchandise Exports from India Scheme (MEIS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To impose higher duties on luxury exports
- 2To provide consumer subsidies to export-oriented households
- 3To encourage import substitution in agriculture
- 4To incentivize exporters through duty credit scrips✓
Correct answer
To incentivize exporters through duty credit scrips
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