effect of indian Government to invite foreign trade
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Answer:
Why exports are important for India?
i) When the domestic market is small, foreign market provides opportunities to achieve economies of scale and growth. ii) The supply of many commodities, as in the case of a number of agricultural products in India, is more than the domestic demand. iii) Exports enable certain countries to achieve export-led growth.
What is Indian foreign trade policy?
Foreign Trade Policy. The Foreign Trade Policy (FTP) was introduced by the Government to grow the Indian export of goods and services, generating employment and increasing value addition in the country. The Government, through the implementation of the policy, seeks to develop the manufacturing and service sectors
What was the result of foreign trade in India?
The Colonisation Effect on Foreign Trade
The Britishers aimed at diverting this large volume of trade for their benefits. In the light of British era, the foreign trade of India with rest of the world was cut off by the help of restrictive policies of commodity production, trade and tariff.