Export Policy & Management in India - Hardcover

Mathur, Vibha

Hardcover

ISBN 10: 8177084127 ISBN 13: 9788177084122

Publisher: New Century Publications (IND), 2015

Synopsis

For about 40 years (1950-90), foreign trade of India suffered from strict bureaucratic and discretionary controls. Beginning 1991, the Government of India introduced a series of reforms to liberalise and globalise the Indian economy. Reforms in the external sector of India were intended to integrate the Indian economy with the world economy. The major trade policy changes in the post-1991 period have included simplification of procedures, removal of quantitative restrictions, and substantial reduction in the tariff rates. India''s approach to openness has been cautious, contingent on achieving certain preconditions to ensure an orderly process of liberalisation and ensuring macroeconomic stability. Foreign Trade Policy (FTP) for the period 2015-20 announced by the Government on 1 April 2015 visualises increase in India''s exports of merchandise and services from US$ 465.9 billion in 2013-14 to approximately US$ 900 billion by 2019-20 and to raise India''s share in world exports from 2 percent to 3.5 percent. The products wherein India has the maximum presence in international market in terms of export share are spices, marine products, precious and semi-precious stones and textiles. Recent trends, however, indicate that the commodity structure of India''s exports has slowly begun to shift towards higher technology intensive manufactures. According to Trade Profiles, 2014 of the World Trade Organization (WTO), India''s share in total world exports was 1.66 percent in 2013 whereas its share in total world imports was 2.47 percent for the same year. The main destinations of India''s exports are European Union, United States, United Arab Emirates, China and Singapore. The greatest challenge facing the Indian economy is to enhance its productivity and competitiveness so as to achieve a sustained growth in exports of goods and services.

About this title

About the Author

Dr. Vibha Mathur is presently an Associate Professor in the Department of Commerce, Jesus and Mary College (JMC), University of Delhi, New Delhi. She received her M.Phil. and Ph.D. degrees from the Department of Commerce, Delhi School of Economics (DSE), University of Delhi. She has written extensively on India's foreign trade and authored a number of books on the subject. The prominent ones include: Foreign Trade, Export-Import Policy and Regional Trade Agreements of India, WTO and India: Development Agenda for the 21st Century, and India-European Union Trade Prospects and the Impact of Euro. She was a visiting fellow at the European Commission and Parliament in Brussels, Belgium, in May 2001. In June 2005, she visited, as a guest, the University of Victoria, Melbourne, Australia. In March 2003, she was selected by the University Grants Commission (UGC), New Delhi for a post-doctoral research project titled: Birth of Euro and its Implications for India-Eurozone Trade. The project was successfully completed and submitted to UGC in May 2005. She has also completed another UGC project titled: Trade Liberalisation and its Impact on India-ASEAN Trade.

Edition details

• Publisher: New Century Publications (IND)
• Publication date: 2015
• Language: English
• ISBN 10: 8177084127
• ISBN 13: 9788177084122
• Binding: Hardcover
• Number of pages: 300