India's export sector has expressed growing concerns over the government’s sharp reduction in export tax rebates, which many believe could negatively impact key industries such as textiles, leather, handicrafts, and metal products. Exporters are worried that these cuts may undermine the fragile recovery of several labor-intensive sectors that have only recently begun to stabilize after the global economic crisis of 2008-2009. Sakthivel, president of the Federation of Indian Export Organisations (FIEO), highlighted that the tax rebate reductions for items like apparel, leather goods, handicrafts, carpets, and other products will likely hurt employment in these sectors. The Central Board of Indirect Taxes and Customs (CBEC) announced the changes last Saturday, slashing tax rebates on certain goods by as much as 30%. This move has sparked widespread anxiety among exporters who were already grappling with rising input costs and weak demand in major markets. Despite a 28.6% increase in India’s exports between April and August, the ready-made garment industry is still recovering from the challenges of the past decade. According to Premal Udani, chairman of the Export Promotion Council for Handicrafts, the sector is facing unprecedented price hikes for raw materials such as cotton, yarn, and fabric. These pressures are further compounded by shrinking export orders, which threaten job creation and economic growth. The tax rebate for cotton garments has been reduced from 8.8% to 7.7%, while blended garments—those made from a mix of cotton and synthetic fibers—now face a cut from 9.8% to 8.6%. The new policy took effect on September 20, leaving businesses scrambling to adjust their pricing strategies and profit margins. Other sectors are also feeling the pinch. The tax rebate for leather products has been slashed by 5–15%, while bicycles and sports equipment face reductions of 9–20%. Steel products have seen the most drastic cuts, with tax rebates falling by 25–30%. Even stainless steel kitchenware and cutlery are now eligible for a lower rebate, down from 12.5% to 8.8%. Industry leaders are urging the government to reconsider these measures, warning that further cuts could derail the recovery of vital export sectors. With global demand still uncertain and domestic costs rising, the outlook for India’s export-dependent industries remains bleak unless more support is provided.

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