Subject: Economics
Book: Comprehensive Indian Economy
India’s foreign trade policies aim at boosting exports while ensuring essential imports (energy, technology) remain affordable. Export incentives range from duty drawbacks and export promotion schemes to special economic zones providing tax breaks. Diversification into non-traditional markets (Latin America, Africa) counters slowdown in major destinations (US, EU). Emerging areas like software services, pharmaceuticals, and engineering goods drive trade surpluses in some segments. Keep track of structural constraints like logistics, high transaction costs, and non-tariff barriers. In exams, highlight policy steps taken to integrate India into global value chains, leveraging trade agreements for better market access.
What is the term for the ability of an economy to produce more output from the same inputs?
View QuestionWhat is the significance of “Purchasing Power Parity” (PPP)?
View QuestionWhat is “inclusive growth”?
View QuestionWhat is the main feature of a free-market economy?
View QuestionWhat is the meaning of “dumping” in international trade?
View QuestionWhich of the following causes demand-pull inflation?
View QuestionWhat is the term for the price at which demand and supply in a market are equal?
View QuestionWhich of the following is an example of a public sector undertaking (PSU) in India?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhich of the following is a characteristic of “perfect competition”?
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