INDIA’S FOREIGHN TRADE POLICY

Paper Code: 
IBG-617 B
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcome(COs):

               Course Outcomes

Learning and teaching strategies

Assessment Strategies

 

On completion of this course, the students will be able to:

 

CO 237: Evaluate the India’s Foreign Trade

CO 238: Understand the regulatory framework of international trade.

CO 239: Comprehend the current foreign trade policy of India

CO 240: Understand the applied concepts of trade investments

CO 241:  To provide the overview of      different Export Promotion Organizations

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Practical Cases, Power point presentation and Solving Questions.    

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks, Live practical problems analysis

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects.

 

9.00
Unit I: 
Structure of India’s foreign trade:

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

9.00
Unit II: 
Export Import trade regulatory framework:

Introduction to Foreign trade (development and regulation) act, Foreign exchange management act (FEMA), Customs act, and Export (quality control and inspection) act, Competition Act

9.00
Unit III: 
Strategies to Develop Trade Policy:

Characteristics of India’s Trade, Inward looking strategy(import substitution), Outward looking strategy(export led growth), Advantage and Disadvantage of Strategies
Current foreign trade policy of India:
Objectives, Policy related to Trade Liberalization, Major Schemes and Highlights

9.00

Foreign Investments in India:
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.

9.00
Unit V: 
Export promotion organizations:

Need of Export Promotion, Role and Objectives ofExport 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), DGFT, Federation of Indian export organization (FIEO), Export processing Zones(EPZ), Export-oriented units(EOU), Special economic Zones(SEZ)

Essential Readings: 

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

References: 

SUGGESTED READINGS:

·        International Business: Rakesh Mohan Joshi

E-RESOURCES:

·        International Business, Hill, McGraw Hill Education https://www.expresslibrary.mheducation.com/bookshelf

JOURNALS:

  • Foreign Trade Review
  • Global Business Review
ACADEMIC YEAR: 
2022-2023
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