Foreign Trade Policy Ppt 1m5vy

PRESENTATION ON COMMERCIAL POLICY OF INDIA       

PRESENTED BY: VARSHA NATHANI PRATEEK THAKUR GAGAN SINGH KAMAL SEWANI MOHIT MALVIYA

OVERVEIW • Commercial policy of India is also known as the foreign trade policy of India • To double our percentage share of global merchandise trade within the next five years • To act as an effective instrument of economic growth by giving a thrust to employment Generation • Means to economic growth and national development. • Composition of imports and exports. • Period after 1991 has been marked by a substantial liberalization of the trade policy. • Globalization

FOREIGN TRADE POLICY • Integrated view of the overall development of India's foreign trade • Goes beyond the traditional focus on pure exports • Stimulation of greater economic activity • Doubling share of global merchandise trade • Thrust to employment generation. • Facilitating development of India as a global hub for manufacturing, trading and services. • facilitating technological and infrastructural up gradation

FOREIGN TRADE POLICY • Import of capital goods and equipment • Activating Indian Embassies abroad as key players in the export strategy • Five thrust sectors • 'Served from India' to be built as a brand. • New categories of star houses • Setting up of Free Trade and Warehousing Zones (FTWZs). • Focus on infrastructure development

CHALLENGES AND ISSUES • • • • • • • 

Burden of export promotion schemes. Danger of circular trading Risk of importing outdated machinery. Policy fails to take a holistic view of trade issues. Relative importance of the home market. The nature or the degree of State intervention Recessionary conditions in the global market

RECOMMENDATIONS • • • •

More and more establishment of SEZ. No license required for imports Full freedom for subcontracting Labour laws can be relaxed resulting in more and more establishment of industries • Promotion of investment from domestic and foreign resources • Convenient trade practices • Establishment of infrastructure

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