📝 One-liners · 66 cards
Foreign Trade Policy, Foreign Investment, Economic Development
What is the primary objective of India's Foreign Trade Policy (FTP)?
The primary objective of FTP is to promote exports, enhance foreign exchange earnings, and integrate India into the global economy while ensuring a stable import regime for essential goods.
What is the Foreign Trade Policy period for 2023-28 and who announced it?
Five-year policy announced by Ministry of Commerce and Industry.
Which ministry is responsible for formulating and implementing India's Foreign Trade Policy?
The Ministry of Commerce and Industry is responsible for formulating and implementing India's Foreign Trade Policy through the Directorate General of Foreign Trade (DGFT).
What is the target for India's export of goods and services under FTP 2023-28?
Target is to reach USD 2 trillion in exports by 2030.
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