Question

State government and their role in trade promotion

Answer 1

The government of India initiates different incentives and plans to help business firms enhance the competitiveness of their exports. The Government has likewise established a number of institutions to give infrastructural help and also marketing help to organizations doing International business.Foreign trade leads to division of labour and specialisation at the global level. There is no shortage of labour in India. That is one of the reasons Indian government promotes and stimulates policies and schemes to expand the Foreign Trade. Let’s see what measures does the government take to support Foreign Trade.

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