Indian Economy

51

Foreign Trade Policy

Statement of Trade Policy

International trade today, more than ever before, is the driving force of economic activities. It not only enables the exchange of goods and services among countries, but in today’s world, it serves as the bedrock for the increasingly interdependent global network of technology, investment and production. No country can disregard these issues that offer challenges as well as opportunities. India’s trade policy must respond to these challenges.

The Indian foreign trade policy is an important and well to-chiselled blueprint that provides a direction to the exports and imports of the country. It is a policy statement of the central government that defines in clear terms the type of policy that would ...