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ISSN 2063-5346
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GOVERNMENT POLICIES AND PERFORMANCE OF INDIAN INTERNATIONAL TRADE: A REVIEW

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Ajay Yadav , Prof. Tej Singh, Sushant Yadav
» doi: 10.31838/ecb/2023.12.s3.782

Abstract

Government policies play a crucial role in shaping the international trade scenario of a country. In India, the government has implemented various policies and reforms over the years to promote and regulate international trade. This research paper aims to examine the relationship between government policies and Indian international trade. The study highlights the importance of liberalization, privatization, and globalization policies in enhancing the competitiveness of Indian international trade. The paper also examines the impact of various tariff and non-tariff measures, trade agreements, and institutional frameworks on India's foreign trade. The researcher found that government policies have a significant impact on the performance of Indian foreign trade. The policies that were identified as most influential were those related to trade liberalization, export promotion, and foreign investment. Studies have shown that the liberalization of trade policies has led to an increase in exports and economic growth. Export promotion policies, such as export subsidies and tax incentives, have also been found to be effective in boosting exports. Overall, the review suggests that the Indian government needs to adopt more proactive policies to boost exports, attract foreign investment, and improve the country's overall foreign trade performance.

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