Q. What is the purpose of Focus LAC scheme?
Answer: Promotion of Exports
Notes: The Focus LAC (Latin America and Caribbean) scheme aims to promote exports from India to the LAC region. Launched by the Indian government, it seeks to enhance trade relations and increase market access for Indian products. The initiative is part of India's broader strategy to diversify its export markets and reduce dependency on traditional markets. In 2020, India's exports to LAC were around $6.5 billion, which indicates the potential for growth in this region.