Question

State the highlights of India’s foreign trade policy since 2004.

Answer 1

1. Merchandise trade has been doubled.
2. Thrust is given for employment generation; especially in semi-urban and rural areas.
3. Trade procedure is simplified and transaction cost is reduced.
4. Special focus is given to make India a global hub.
5. A new scheme called Vishesh Krishi Upay Yojna has been introduced to boost exports of fruits, vegetables, flowers, and minor forest products.