Basics India’s Foreign Trade

Paper Code: 
FTM102
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Objective:
The Course attempts to provide to the students the knowledge of the quantum and direction of India’s foreign trade in selected areas, and help them learn about the institutional setup being established by Government to promote International business.

8.00
Unit I: 
India’s foreign trade:

Trends in exports: Volume & Composition of India’s foreign trade, Direction of India’s foreign trade

Unit II: 
Export promotion organizations:

Export promotion organizations:
Need of Export Promotion, Role and Objectives of Export promotion councils (EPCs), Commodity boards (CBs), Export Inspection councils (EICs), Indian Trade Promotion Organizations (ITPO), Indian institute of foreign trade (IIFT), Indian institute of packaging (IIP), Indian council of Arbitration (ICA), federation of Indian export organization (FIEO), Export processing Zones(EPZ), Export-oriented units(EOU), Special economic Zones(SEZ)

Unit III: 
Globalization

Globalization
Drivers of Globalization, Globalization of markets, Globalization of production, Globalization of investment, Globalization of technology.

Unit IV: 
Foreign Investments:

Types of Foreign Investment, Foreign Portfolio Investment, Foreign Direct Investment - Meaning, forms of FDI, factors influencing FDI, Reasons for FDI, Costs and benefits of FDI.

Unit V: 
Trade Prospects of Different Commodities of India:

Handicraft, Gems & Jewelry, Textile
Organic Food, Plastic Products, Herbal Medicine

Essential Readings: 

1. India’s Foreign Trade: IGNOU Module , IBO – 03.
2. Jain & Singh, Modern International Business, Regal Publications 2007, New Delhi.

References: 

1. P. Subba Rao : International Business.
2. Thakur & Mishra : International Business.

ACADEMIC YEAR: 
2020-2021
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