India’s Foreign Trade Policy

Structure of India’s foreign trade:

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

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

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

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. 

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)