Foreign Trade Policy: will it be a boon?

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Subhra Prakash Naskar , MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur


On 23rd March NDTV and CNN IBN published the news that the much awaited Foreign Trade Policy (FTP) is expected to be roll out soon. As Commerce & Industry Minister Nirmala Sitharaman told reporters that “Yes, I am conscious that the FTP (2014-19) was due even as of April 1, last year. Hopefully, we will come out (with FTP) soon.” Ministry confirmed media that due to India’s declining exports they have delayed the announcement of FTP policy last year.

As per the Industry experts this policy would be very critical because it will provide the guidelines for enhancing exports with the overall objective of pushing economic growth and generating employment.  But to get benefit out of FTP, it needs to support India’s exports in terms of looking at sectors and their capability and new and traditional markets of the world. Exporters have already raised concerns over the delay in announcement of the FTP as the fiscal is nearing end. Now only time will tell whether or not they are going to succeed.

2 thoughts on “Foreign Trade Policy: will it be a boon?

  1. There is a belief, almost a faith, that we can export our way to progress. This faith is misplaced. India’s Foreign Trade has gone up from Rs.2995 crores in 1969-70 to Rs.43,03,481 crores (Rs.43 lakh crores!) by 2012-13. An increase of 1437 times! Back in 1970, very few worked for less than Rs.200 per month in organized sector Today, one can see innumerable people working in organized sectors for monthly salaries below Rs.5000. That is a mere 25 times increase. This is the story of almost 95 per ..

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