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India
Why do we need export ?
Export means trade across the political boundaries of different nation. No Nation
is self sufficient and had all the goods that it needs. This happens because of
climatic variation & unequal distribution of natural resources. As a result,
countries all over the world have become interdependent, which necessitated
foreign trade. A developing country like India with its fast growing agricultural
production to keep pace with the population to keep pace with the population
growth and growing Industrial infrastructure needs high-import and this can be
sustained only with fast export growth.
To meet the oil import bill, export is unavoidable. Thus, it is evident that export
promotion continues to be a major thrust area for the government. Several
measures have been under taken in the past for improving export performance of
the country. In India, Govt. has come out from time to time with various policies on
foreign trade to promote export thereby increasing the “Foreign Exchange
Reserve”. These policies are termed as “Exim Policy”
Brief history
Import export act was introduced by govt. during second world war and it lasted
for around 45 yrs and in June 1992 this act was superseded by the Foreign Trade
(Development & Regulation Act), 1992. . The basic objective of this new act was
to give effect to the new liberalized export and import policy of the Govt. till 1985
annual policies were made but from 1985-92, three year policy was made and
then 5 yr policy was made coinciding with 5 yr plans 1992-97, 1997-02, 2002-07.
Introduction
Before independence, India did not have a clear trade policy, it was after the
independence, that a trade policy, as a part of general economic policy of
development was formulated.
EXIM POLICY
The foreign trade of India is guided by the Export Import policy of govt. of
India.
Regulated by the foreign trade development and regulatory Act 1992.
Ex-im policy contain various policy decision with respect to import and
export from the country.
It is prepared and announced by the central government.
•EXIM Policy is the export import policy of the government that is announced every
five years.
• To enhance the technological strength and efficiency of Indian agriculture, industry and
services, thereby improving their competitive strength while generating new EMPLOYMENT
OPPORTUNITIES, and to encourage the attainment of internationally accepted standards of
quality.
• To provide consumers with good quality goods and services at internationally competitive
prices while at the same time creating a level PLAYING field for the domestic produce.
EXIM POLICY- 2009-2014
The Foreign Trade Policy for the period 2009-2014 was announced on 27th
August 2009 at a time when the world was emerging from the shadow of a
challenging economic period, the worst we have seen in the last 7 decades.
Economies and markets across the world were in turmoil, causing sharp
contraction in international trade, adversely impacting global investment flows,
rendering over 50 million people jobless.
Technological Up gradation
EPCG Scheme Relaxation
Marine Sector
Agriculture Sector