Indian Foreign Trade

Indian Foreign Trade is at crossroads. In the last few years, there have been momentous transformations in the global economic and socio-political scene. Today, India is liberalising its trade regime as a part of the economic reforms. This process needs to be fully supported by increased access to markets in industrial countries and adequate access to financial resources to cope with possible Balance of Payment pressures. Maintaining of an open trading system, which provides assured market access to India, is perhaps the most important requirement for global prosperity. This book embodies a trend in the Indian Foreign Trade. The major thrust has been to cover all the significant changes, which have taken place in India after liberalisation: Trade and Tariff, EXIM policy, FDI, Regional blocks and WTO. Theoretical approach has been supplemented with relevant examples and latest experiences in South-East Asian crises and its impact on the international trade in Indian context. The basic approach involves introducing the concepts of the Indian trade and then using concepts to analyse current international business environment and problems faced by business managers, entrepreneurs and policy makers. Many chapters are based on the experiences of globalisation, direct foreign investment, latest changes in EXIM policies and its impact on the International Trade.