If India reduces the export duty on textiles from 15% to 10%, and the current export value is ₹12 lakh crore, what is the total value of duty saved per year?

Step-by-step solution

1. Compute duty before reduction: $0.15\times ₹12\text{ lakh crore}=₹1.8$ lakh crore.
2. Compute duty after reduction: $0.10\times ₹12\text{ lakh crore}=₹1.2$ lakh crore.
3. Find the difference: $₹1.8-₹1.2=₹0.6$ lakh crore.

Concept tested: Duty savings due to liberalisation

Published 10 October 2026 · How this solution was prepared and checked