The WTO has increased international disciplines on export policy, but there is still scope for the use of export subsidies and other measures to promote exports. Under macroeconomic and trade reforms of the last decade, many countries have reduced or eliminated import measures which operate as...

India's graduation from the ranks of low-income countries, making it ineligible under the WTO rules to grant export subsidies on manufactures has thrown up a new policy challenge. In this context, this paper argues for the government to rethink its export incentives programme altogether and take...