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FM announces steps to boost export, says revival signs are very consistent

As the Indian economy is witnessing a sharp slowdown, FM Nirmala Sitharaman addresses the media and announces measures formed after nationwide consultations. She mentioned that the annual fixed investment rate is going up and inflation has been kept under 4%. Merchandise Exports from India Scheme (MEIS) to discontinue after 31 December and will be replaced by New export incentive scheme, she added.