What are the features of Foreign Trade Policy 2015 20?

FTP 2015-20 introduces two new schemes, namely ‘Merchandise Exports from India Scheme (MEIS)’ for export of specified goods to specified markets and ‘Services Exports from India Scheme (SEIS)’ for increasing exports of notified services.

What are the features of foreign trade policy?

11 Main Features of the Foreign Trade Policy of India

  • Free Imports and Exports: …
  • Rationalisation of Tariff Structure: …
  • Decanalisation: …
  • Devaluation and Convertibility of Rupee on Current Account: …
  • Trading Houses: …
  • Special Economic Zones: …
  • EOU Scheme: …
  • Agriculture Export Zones:

What are the objectives of the Foreign Trade Policy 2015-20?

The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the “Make in India” vision of Prime Minister.

What are the features of foreign trade in India?

Foreign Trade: 8 Salient Features of Foreign Trade of India – Explained!

  • Negative or Unfavourable Trade: …
  • Diversity in Exports: …
  • Worldwide Trade: …
  • Change in Imports: …
  • Maritime Trade: …
  • Trade through a few Selected Ports Only: …
  • Insignificant Place of India in the World Overseas Trade: …
  • State Trading:
THIS IS MAGNIFICENT:  How long does it take to tour Mammoth Cave?

What are the main features of the foreign trade under British regime?

Britain had monopoly control on foreign trade

Britain retained its monopoly control and ruled over India’s imports and exports. Half of India’s foreign trade was only authorised to Britain and the rest half was allowed to trade with other countries like Ceylon (Sri Lanka), China, and Persia (Iran).

What are the objectives of Foreign Trade policy 2009 14 & 2015-20?

Objectives of Foreign Trade Policy 2009-14 : To arrest and reverse declining trend of exports is the main aim of the policy. This aim will be reviewed after two years. To Double India’s exports of goods and services by 2014.

What is the importance of foreign trade policy?

Foreign trade policy also enables a nation to import certain products at the time of a natural calamity and therefore manage scarcity when demand is high by proving better quality and quantity of goods. It also assists in raising the standard of living and making commodities available at a lower cost.

What are the key highlights of Exim policy 2015-20?

The key highlights of the Foreign Trade Policy 2015-20 are: Goods – Earlier there were 5 different schemes (Focus Product Scheme, Market Linked Focus Product Scheme, Focus Market Scheme, Agri.

What is a foreign trade policy?

Foreign Trade Policy is a set of guidelines and instructions established by the DGFT in matters related to the import and export of goods in India. The Government of India, Ministry of Commerce and Industry announces Export Import Policy every five years.

THIS IS MAGNIFICENT:  Can I get a job in Canada while in Canada with visitor visa?

What were the most important characteristics of India’s foreign trade during the British rule?

Q1) “The most important characteristics of India’s foreign trade through out the colonial period was the generation of a large export surplus. But this surplus. came at a huge cost to the country’s economy “ .

What are the salient features of India’s pre independence occupational structure?

The following arc the salient features of India’s pre-independence occupational structure (i) Predominance of Agriculture Under the colonial rule, India was basically an agrarian economy, with nearly 70.75% of its workforce engaged directly or indirectly in agriculture.

What are the effects of foreign trade class 10?

Effects of foreign trade are as follows:

  • Chinese have started exporting Chinese plastic toys to India.
  • Buyers in India now have the option of choosing between Indian and Chinese toys.
  • Because of the cheaper prices and new designs, Chinese toys have become more popular in the Indian markets.