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 meant by “marginal propensity to consume”?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhich of the following statements best defines Gross Domestic Product (GDP)?
View QuestionWhich is the largest source of tax revenue for the Government of India?
View QuestionWhat is “fiscal stimulus”?
View QuestionWhat is the purpose of the "Minimum Support Price" (MSP) in India?
View QuestionWhich organization publishes the Human Development Index (HDI)?
View QuestionWhich of the following is a direct tax?
View QuestionWhat is the objective of the Goods and Services Tax (GST)?
View QuestionWhich of the following measures can reduce a trade deficit?
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