India, Sept. 17 -- The Union cabinet may soon consider a five-year export-promotion mission which will also have the immediate aim of cushioning key sectors hit by the US's 50% tariffs, for which inter-ministerial consultations were concluded recently, three government officials said.

The multi-dimensional programme to boost exports is likely to have both fiscal and non-fiscal measures, including sector-specific strategies, ease of compliance and trade-facilitation measures, the officials added, requesting anonymity.

According to draft proposals reviewed by HT, relief measures to boost outbound shipments, especially of farm and marine products, will include injecting liquidity into small and medium businesses through cheaper credit and ...