What is India's current EXIM policy? How does it affect growth of local
business?
Answers
Answer:
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.
Answer:
India's EXIM policy, the Foreign trade policy which is announced by Ministry of commerce, Govt of India within every 5 years. 31st march it is updated and the improvements effects on 1st Aprill. Exim policy deals in exports, imports, special economic zone etc.
Explanation:
India is a look upon as a country where resources available by its length. The variety of Indian goods are sold in the Indian market. Various type of textiles are send Arab from Gujrat. Apart from these many wooden furniture, european designed model are import export from India to other countries. So EXIM policy is useful for this work.