New Delhi, March 7 -- Lowering export tariffs in labour-intensive sectors that employ many women would benefit the country in multiple ways, says a new study, as India engages in trade negotiations with the US and other developed economies.
Export-Import Bank of India suggested that a 1% reduction in tariffs on India's exports in female labour-intensive sectors could lead to a 0.36% increase in labour supply, a 0.14% rise in gross domestic product, and overall welfare gains estimated at 3.6%.
Exim Bank's study underscored the economic benefits of lowering trade barriers in industries with high female employment, such as textiles, leather products, food processing, handicrafts, and agriculture.
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