India’s exports fell 6.0% year over year in August, bringing the country inline with the declining export situation seen across Asia. The slowdown has led the Indian government to implement a new export support scheme worth as much as $6.97 billion, though only a fraction of that money is new programs as opposed to reprofiling of older plans. One such program involves increased export subsidies for textiles where Panjiva’s data shows India’s exports slumped 27.7% year over year in 2Q after a 30.9% slide in 1Q. Indian exporters may use the subsidies in part to increase their market share...





