May 2024
Intermediate to advanced
470 pages
28h 9m
English
Content preview from Business Environment by Pearson
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India’s Import–Export Policies | 371
e li ing of licensing and quota restrictions on 714 import items was in line with India’s
WTO obligations. e government promised to abolish licensing and quota curbs on the remain-
ing 715 items (such as liquor, cars, and so on.) in April 2001. Many critics of the new policy feared
that the removal of licensing and quota restrictions would lead to a surge in imports of these
items, hurting the domestic industry. However, it is noteworthy that import restrictions are being
phased out since 1996 but no extraordinary growth has occurred in the import of freed items.
e Commerce Minister has maintained ...
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