NEW DELHI: Commerce & Industry Minister Nirmala Sitharaman said the government will focus on strengthening domestic industry and look to boost exports by taking advantage of opportunities that stem from stimulus programmes implemented by major economies. She declined to comment on the impact of a stronger rupee on India's exports. The rupee has risen over 2.5 per cent in past six months, undermining India's export competitiveness amid sluggish global trade. "We are watching very carefully various steps taken by major economies," she said. On retail, she said high-end fashion and luxury won't get the benefits given to high-tech products under the single-brand retail policy.

Source: Economic Times September 15, 2016 20:15 UTC