JAIIB | IE AND IFS | CASE STUDY ON FOREIGN TRADE POLICY

Join us at Learning Sessions for a transformative learning experience & equip yourself with cutting-edge skills to thrive in global banking and finance with our JAIIB courses. India’s Foreign Trade Policy (FTP) plays a primary role in shaping its engagement with the global economy, influencing both the Indian economy (IE) and the Indian financial system (IFS). This article on the case study examines the objectives and key features of India’s Foreign Trade Policy, while also highlighting case studies on how FTP reforms have contributed to India’s economic growth and financial development.

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India’s Foreign Trade Policy is a comprehensive set of guidelines issued by the Government of India to regulate and facilitate foreign trade. Key goals of the Foreign Trade Policy include:

-Enhancing Export Competitiveness: Increasing the volume and value of exports to boost India’s global trade standing.

-Promoting Manufacturing and Employment: Encouraging domestic production to generate employment and reduce dependence on imports.

-Trade Diversification: Expanding trade relations with new and emerging markets.

-Simplifying Trade Procedures: Reducing regulatory and procedural bottlenecks to make trade faster and more efficient.

-Sustainability and Innovation: Encouraging environmentally sustainable trade practices and fostering innovation in export products.

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While India’s FTP has been largely successful, challenges remain in areas like trade deficits, non-tariff barriers, and competition from other emerging economies. The ongoing global economic uncertainties and geopolitical tensions also pose risks to India’s export growth.

To conclude, India’s Foreign Trade Policy has been a key instrument for driving export growth, promoting domestic manufacturing, and integrating the country into the global economy. For JAIIB candidates, considering the role of the FTP is necessary for gaining insights into how global trade policies influence India’s economic development and financial stability. Learning Sessions provides additional information about JAIIB IE & IFS HIRE PURCHASE by giving examples of real life scenarios.

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