ABSTRACT

Foreign trade plays a major part in India’s economy, so much so that foreign trade policy deserves a special focus and dedicated attention as a key constituent of India’s economic policies. The new EXIM 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. The policy provides a stable and sustainable environment for foreign trade in merchandise and services. It also link rules, procedures and incentives for exports and imports with other initiatives such as “Make in India”, “Digital India” and “Skills India”, thereby, helping various sectors of the economy to gain global competitiveness and creating an architecture for India’s global trade engagement with a view to expanding its markets and better integration with major regions.

The objective of this paper is to study and analyse the contribution of new EXIM Policy in enhancing India’s export with the rest of the world. The paper also examines the various measures taken by the current policy for augmenting India’s export competitiveness in a global market place.