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 : 
Exchange Control in India: Features, Objectives, Techniques and Demerits
Article shared by :
In this article we will discuss about:- 1. Meaning of Exchange Control 2. Features of Exchange Control 3. Objectives 4. Methods and Techniques 5. Defects or Demerits 6. Social Costs. Meaning of Exchange Control: Exchange control means the interference by the state, central bank or any other agency with the free play of market forces that […]
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 […]