RoDTEP-backed exports grow at over 20% CAGR between FY24 and FY26

Exports supported under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are estimated to have grown at over 20 per cent compound annual growth rate between 2023-24 and 2025-26 despite global headwinds such as weak demand, freight volatility, rising protectionism and geopolitical uncertainties, PTI reported citing an official on Tuesday.At the same time, the scheme has helped broaden inclusion within the export ecosystem, the official added.Support to the MSME sector has increased from around 68 per cent in 2021-22 to about 75 per cent in 2025-26, with smaller firms dominating the beneficiary base across key sectors and gaining a cushion against cost pressures and margin compression, the official said.Introduced from January 1, 2021, the RoDTEP scheme aims to refund embedded central, state and local levies not covered under other duty exemption programmes, thereby providing Indian exporters a level playing field in global markets vis-à-vis competing economies.“The exports supported under RoDTEP are estimated to have recorded a CAGR of over 20% between FY 2023-24 and FY 2025-26,” the official said.Designed as a WTO-consistent remission mechanism, the government’s budget allocation under the scheme has increased from about Rs 13,854.4 crore in 2022-23 to Rs 18,232.5 crore in 2025-26. The FOB value of exports supported under RoDTEP has also risen from roughly Rs 13.16 lakh crore to Rs 20.50 lakh crore in 2024-25, according to the official.