Objectives: To accelerate economic growth, boost exports, facilitate essential imports, promote domestic manufacturing (Make in India), create employment, attract foreign investment, and achieve balance of payments stability.

Instruments: Includes tariffs (customs duties), non-tariff barriers (e.g., import licensing, quality standards), export promotion schemes, anti-dumping duties, countervailing duties, and Special Economic Zones (SEZs).

Foreign Trade Policy (FTP): The overarching policy document, typically announced by the Ministry of Commerce and Industry, outlining the vision, objectives, and strategies for India's foreign trade.

Institutional Framework: Key bodies include the Ministry of Commerce and Industry, Directorate General of Foreign Trade (DGFT), Export Promotion Councils (EPCs), India Trade Promotion Organisation (ITPO), and various commodity boards.

Focus Areas: Market diversification, product diversification, promoting exports from MSMEs, leveraging e-commerce, improving logistics and ease of doing business for exporters.

Trade Agreements: Strategy for negotiating, signing, and implementing Free Trade Agreements (FTAs), Comprehensive Economic Partnership Agreements (CEPAs), and other bilateral/multilateral trade pacts.

Export Promotion Schemes: Various schemes like Remission of Duties and Taxes on Exported Products (RoDTEP), Advance Authorization, Export Promotion Capital Goods (EPCG) scheme, and Market Access Initiative (MAI) scheme.

Import Management: Policies related to import duties, import restrictions for sensitive goods, and measures to ensure quality and safety of imports.

Addressing Trade Barriers: Strategies to identify and overcome non-tariff barriers and other market access issues faced by Indian exporters in foreign markets.

Recent FTP (2023): Aims to make India a $2 trillion export economy by 2030, focuses on process re-engineering, automation, town of export excellence, and e-commerce exports.

Objectives: To accelerate economic growth, boost exports, facilitate essential imports, promote domestic manufacturing (Make in India), create employment, attract foreign investment, and achieve balance of payments stability.

Instruments: Includes tariffs (customs duties), non-tariff barriers (e.g., import licensing, quality standards), export promotion schemes, anti-dumping duties, countervailing duties, and Special Economic Zones (SEZs).

Foreign Trade Policy (FTP): The overarching policy document, typically announced by the Ministry of Commerce and Industry, outlining the vision, objectives, and strategies for India's foreign trade.

Institutional Framework: Key bodies include the Ministry of Commerce and Industry, Directorate General of Foreign Trade (DGFT), Export Promotion Councils (EPCs), India Trade Promotion Organisation (ITPO), and various commodity boards.

Focus Areas: Market diversification, product diversification, promoting exports from MSMEs, leveraging e-commerce, improving logistics and ease of doing business for exporters.

Trade Agreements: Strategy for negotiating, signing, and implementing Free Trade Agreements (FTAs), Comprehensive Economic Partnership Agreements (CEPAs), and other bilateral/multilateral trade pacts.

Export Promotion Schemes: Various schemes like Remission of Duties and Taxes on Exported Products (RoDTEP), Advance Authorization, Export Promotion Capital Goods (EPCG) scheme, and Market Access Initiative (MAI) scheme.

Import Management: Policies related to import duties, import restrictions for sensitive goods, and measures to ensure quality and safety of imports.

Addressing Trade Barriers: Strategies to identify and overcome non-tariff barriers and other market access issues faced by Indian exporters in foreign markets.

Recent FTP (2023): Aims to make India a $2 trillion export economy by 2030, focuses on process re-engineering, automation, town of export excellence, and e-commerce exports.