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- W2417072912 abstract "Foreign trade plays an important role in the economic growth of developing economies like India. Though India is an emerging economy in the world, its foreign trade scenario is not very encouraging. India ranks 20 th in merchandise export and 13 th in merchandise import while it stands at 7 th rank as far as commercial service export is concerned. Its share in world total export is only1.8 percent while in import it is merely 2.12 percent. India has diversified its export basket and also export market over the years but substantial diversification has not taken place. India has become an active and influential player in shaping world trade policy, it is still a small player in world trade and global market. The focus of the government trade policy has been on creating a free environment for trade, streamlining and simplifying the procedures, increasing production for export, focusing on quality of the product, technological up gradation. There are opportunities for India to capture/make access in African countries and other emerging market economies in the world. The government should adopt suitable trade policies and budgetary provisions to boost exports in services, making the SEZ more viable, provide incentives to manufacturing sector, particularly MSMEs." @default.
- W2417072912 created "2016-06-24" @default.
- W2417072912 creator A5015099387 @default.
- W2417072912 date "2015-01-01" @default.
- W2417072912 modified "2023-09-27" @default.
- W2417072912 title "India's Foreign Trade: Performance And Prospects" @default.
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