2. Exports
• Export means the transferring of any good from one
country to another country in a legal way for the
purpose of trade.
• Export goods are provided to the foreign consumers by
the domestic producers.
• It is a trade between two countries governments.
• If the Indian economy grows at the same pace, India
would most definitely export goods worth by and may
supersede the exports of other large developing
countries like Brazil.
8. Major Challenges
• Prevent Dumping of goods by other countries.
• Stabilize economy and sustainability In rupees value.
• Increase productivities of Raw materials & products.
• Discourage people for exporting foreign items.
• Exemption in custom duties for exporters.
• Promote small & medium enterprises.
• Attract foreign companies by FDI & FII.
9.
10. Need to Change In Strategies
• Trade policy must offer preferential treatment to key
labour-intensive sectors instead of giving blanket
concessions to all sectors.
• Identification of sectors must be on the basis of
comparative advantage.
• Sharpening policy focus on leather, textile , crocheted
apparel, toys and footwear.
• Concentrated focus on high-value products.
• India's level of export sophistication for high-value.
11. • Trade policy should have a balanced focus between
strengthening exports to conventional trade partners
(US and EU) and diversifying into new markets.
• National Manufacturing Policy that envisages greater
harmony between manufacturing and trade policy
must be implemented.
• We must develop a cluster-based SEZ approach, with
government support in infrastructure and IT.
12. • The government should formulate a consistent, reliable
and long-term trade policy with lower tariffs to help
India attain prominent place in global exports.
• With these policies we can achieve target of 64$
annual exports of commodities.
