Economics
India Reinvents Old Tax Plan as New $7 Billion Exporter Refunds
- New program marks only an incremental assistance to exporters
- Economists see government’s steps only helping at the margin
The Jawaharlal Nehru Port in Navi Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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India’s new measures announced Saturday to revive a flagging economy through an aid to exporters isn’t as big a boost as the initial numbers suggested.