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 primary purpose of Special Economic Zones (SEZs)?
View QuestionWhat is the term for goods that are used together, such as cars and fuel?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat is meant by “crowding out” in economics?
View QuestionWhat is “CRR” in banking terminology?
View QuestionWhich of the following is NOT part of the World Bank Group?
View QuestionWhat is meant by “marginal propensity to consume”?
View QuestionWhich is the largest source of tax revenue for the Government of India?
View QuestionWhat is “inflation targeting”?
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