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Foreign Trade Policy Foreign Investment, Economic Development International economic organizations
What is the primary objective of India's Foreign Trade Policy (FTP)?
The primary objective of FTP is to promote India's exports, enhance foreign exchange earnings, and integrate the country into the global trading system while maintaining a favorable balance of trade.
What is the Foreign Trade Policy (FTP) 2023 and when was it launched?
Export promotion policy launched on April 1, 2023, replacing FTP 2015-20.
Which ministry is responsible for formulating and implementing India's Foreign Trade Policy?
The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), is responsible for formulating and implementing India's Foreign Trade Policy.
What is the Services Exports from India Scheme (SEIS)?
Scheme rewarding service exporters with Duty Credit Scrips for foreign exchange earnings.
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