In response to challenges posed by the ongoing conflict in the Middle East, India is planning to bolster its Remission of Duties and Taxes on Export Products (RoDTEP) scheme, which currently has a budget of over $1 billion and is set to expire on September 30. The scheme, designed to refund local taxes paid by exporters, is essential for maintaining the competitiveness of Indian goods in international markets. Recent data indicates that India's merchandise exports fell by 7.4% year-on-year in March, with significant declines in shipments to the United Arab Emirates and Saudi Arabia, two of India's key trading partners. Discussions between the finance and commerce ministries focus on extending the scheme's duration by five years and revising incentive rates, which were halved in February but restored in March due to the conflict. Additionally, India has introduced a $1.9 billion emergency credit guarantee program to support businesses facing liquidity challenges and has provided insurance for shipments through affected routes to stabilize costs.