The document summarizes India's foreign trade policies. It notes that the Union Commerce Ministry announces five-year foreign trade policies to regulate exports and imports. The objectives of recent policies have included doubling India's share of world trade, increasing economic growth, and encouraging exports. The composition of India's foreign trade is discussed, with manufactured goods making up over 60% of exports and petroleum products comprising over 30% of imports. Key features of policies from 1997-2002, 2002-2007, and 2009-2014 are outlined focused on incentivizing exports and reducing trade barriers.