Question

Explain and analyse indias export since 1965

Answer 1

Sourcing from More than 130,000 Trusted India Supplier Verified by D&B™. 50 Years of Experience. 1,700,000 Global Buyers. Types: Auto Parts & Accessories, Food and Beverages.

Answer 2

International trade barriers are slowly narrowing down and a new era of world trade is emerging global economy export and import trade will play a major role since interdependence between economics on several aspects is increasing (Nelson, 2000; Rai, 2007). But interdependence on trade and development aid between countries is viewed with caution by most developing countries as they believe that developed countries are always motivated to sustain their interests and under such situation interests of developing countries may get partly neglected. India being a developed country has to protect its national interests of development and therefore export import trade policy has to be designed and implemented accordingly. In the export and import policy approach of government towards various types of exports and imports is conveyed to different exporters and importers. Export import policy regulates exports and imports of a country. Buying goods and services from other countries is known as import while selling services and goods countries is known as export. Nowadays in the globalization era, no frugality in the world can retain shortcut from the remaining globe. In the economic development of all developing and developed economies import and export plays an important role.
India’s foreign trade policy has been followed by controls and regulations on import and export to protect domestic industry and trade. To protect domestic industry and trade from foreign goods high import duty has been levied on imported goods and again imports were regulated and controlled through license and import substitution production measures (Capela, 2008). Despite all the controls and regulations and import substitution measures India’s foreign trade deficit has been increasing and it reached at alarming heights during late 1980s when India resorted to large scale borrowing from international financial institutions to settle trade deficit crisis.