India is recognized as one of the most vital and evolving player in the global economy. Its foreign trade policies and administration reforms have made it a important destination for overseas investments around the globe. Also, high-tech and infrastructural developments being carried out all over the nation allow effective trade and financial practices. For the fruitful economic development of India, dynamic foreign trade policy is of great significance. Thus, India adopted a foreign trade policy, also acknowledged as the EXIM Policy or the Export-Import policy.
The Foreign Trade Policy (FTP) was presented by the Government to raise the Indian export of goods and services, producing employment and growing value addition in the country. The GOI, with the execution of the policy, seeks to grow the engineering and service sectors.
The Government, through the Foreign Trade Policy in India, chiefly focuses on accepting a twin strategy of endorsing traditional and sunrise divisions of exports comprises of services. Moreover, it intends to streamline the course of doing business.
International Trade empowers economic growth and national development. The major aim is not the simple earning of foreign exchange, but giving a way for greater financial activity.
Any institute who offer Export Import Management Courses, Export Import Course, Foreign Trade Course, International Trade Course, should know about Foreign Trade Policy in India. At NIFT, we help our students understand foreign trade policy in India. We help them learn how to contribute in allowing considerable growth in exports from India and import to India so as to increase the economy.