Government Policy & Schemes
The growth in exports can be achieved with the sustained efforts of both the government and the businesses. The government has to provide the enabling and facilitating environment in terms of policies and the required infrastructure. The foreign trade policy (FTP) introduces a number of measures by providing a framework for increasing exports of goods and services by incorporating various export friendly innovations, schemes, incentivising and simplification in procedures. In India, the legal framework for the regulation of foreign trade is mainly provided by the Foreign Trade (Development & Regulation) Act, 1992. The main objective of this act is to provide for the development and regulation of foreign trade. Trade Pundits helps businesses in correct interpretation and understanding of the policies and regulations, as these provide vital inputs for the formulation of business growth strategies, and the effective application in their business operations.
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