Foreign trade data

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INDIA’S FOREIGN TRADE: May2020 - Foreign trade policy

INDIA’S FOREIGN TRADE: May 2020 Part of: GS-III- Economic Data (PT-MAINS-PERSONALITY TEST) India’s overall exports (Merchandise and Services combined) in April-May2020-21* are estimated to be USD 61.57billion, exhibiting a negative growth of (-) 33.66 per cent over the same period last year. Overall imports in April-May 2020-21* are estimated to be USD 57.19 billion, exhibiting a negative growth of (-) 48.31per cent over the same period last year. The data for May 2020 is es

Foreign Trade Policy 2015-2020 extended for 6 months till September 2021

Foreign Trade Policy 2015-2020 extended for 6 months till September 2021 The Union Commerce and Industry Ministry has announced changes in India’s Foreign Trade Policy (FTP). The Govt. has decided to continue relief under various export promotion schemes by granting an extension of the existing Policy. It provided a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make

Free Trade Agreements (FTAs)

India is accelerating its pursuit of Free Trade Agreements (FTAs) with countries like New Zealand, Russia, and Oman, even though past FTAs have delivered only modest trade gains. This reflects a shift in focus—from using FTAs purely as trade tools to employing them as instruments of geopolitical strategy, supply-chain security, and strategic partnerships. Understanding Free Trade Agreements (FTAs) Definition: An FTA is an arrangement between two or more countries or regiona