International Financial Management: An Analytical Framework

CHAPTER 10

Foreign Trade Policy and Balance of Payments

CHAPTER OUTLINE

• Foreign Trade Policy and Balance of Payments

• Main Features of India’s Trade Policy

• Phases of India’s Trade Policy

• India’s Foreign Trade Policy, 1991

• Major Trade Reforms

• Highlights of Foreign Trade Policy 2009–14 Annual Supplement 2013–14

• Assessment of the New Trade Policy

• Balance of Payments

• Current Account Deficit

• Capital Account

• Other Non-debt Flows

• Disequilibrium of BoP

• Key Words

• Questions

• References

FOREIGN TRADE POLICY AND BALANCE OF PAYMENTS

Trade policy plays a vital role in achieving the objectives and boosting the economic growth and works as a catalyst agent to promote trade. Advanced countries like Germany, the United States, ...