25. Which of the following is not a challenge of
India's foreign trade policy ?
(a) Control on imports
(b) To promote export to earn foreign
exchange
(c) To improve quality of goods
(d) Control on small and indigenous
industries
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25. Which of the following is not a challenge of
India's foreign trade policy ?
(a) Control on imports
(b) To promote export to earn foreign
exchange
(c) To improve quality of goods
(d) Control on small and indigenous
industries
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Answer:
This is probably one of the most troubled times for exporters almost anywhere in the world. Whether because of political considerations or because of pandemic-induced lockdowns, more and more nations seem to have withdrawn into protectionist shells. India, now more than ever, needs a robust Foreign Trade Policy (FTP) that can tackle the new normal while nations struggle to deal with a covid-19 pandemic and economic downturn.