Question

विदेशी व्यापार के अनुकूल बनाने के सुझाव दीजिए​

Answer 1

Answer:

The exchange of goods and services between two or more countries/borders or territories is referred to as foreign trade.

Step-by-step explanation:

Solution

The exchange of goods and services between two or more countries/borders or territories is referred to as foreign trade. India has been a major trading country since its independence, exporting primary goods such as cotton, raw silk, sugar, wool, jute, indigo, and so on. Furthermore, it is an importer of finished consumer goods such as woollen clothing, cotton, and silk, as well as capital goods such as light machinery made in the United Kingdom.

• India does have an export incentive programme. The EPCG (Export Promotion Capital Goods) programme allows duty-free importation of capital goods if at least a portion of them are used to produce goods for export. The scheme, however, has not been as successful as anticipated.
• The issue could be due to the minimal penalties imposed on businesses that fail to meet their export obligations. According to reports, there have been instances of purposeful default, in which corporations decide that it is cheaper to import under the EPCG, even after taking into account government penalties. This defies the scheme's primary goal of increasing exports. The new FTP should either strength.
• The current FTP concentrates on the Merchandise Exports from India Scheme (MEIS), which is a mash-up of earlier export promotion schemes. Exporters receive duty credit scrips for a percentage of the value of the items exported under the MEIS, which is effectively an incentive scheme. These scrips can be used to pay a number of different taxes and charges.

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