Foreign trade has been considered as an engine of growth and a poor country cannot afford the luxury of foregoing foreign trade. Foreign trade- (a) permits proper use of the resources of the country; (b) makes available necessary inputs for industrialisation; (c) provides outlet for surplus production; and (d) helps a country to deal with […]
Changes in India’s Foreign Trade after Independence
Article shared by : 
Foreign Trade Policy of India: Import and Export Policy
Article shared by :
A country’s foreign trade policy relates to various aspects of its exchange with the rest of the world. The foreign trade policy of a developing country like India is essentially growth-oriented. It is guided by the country’s general objective of industrialisation. Such a policy aims at achieving the twin objectives of – (a) promoting exports […]
Global Financial Crisis and India
Article shared by : 
The global financial crisis which witnessed the biggest ever bankruptcy in United State’s premier financial institutions in the early second week of September, 2008 has soon engulfed in other countries of the world including European and South East Asian countries. The IMF in its recent “World Economic Outlook” report observed that the “financial turmoil which […]