export import Policy

Import - Export Policy of India

Contents ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Why do we need export ,[object Object]

. ,[object Object],Brief history

What is Exim Policy? ,[object Object],[object Object]

Objective of Exim Policy ,[object Object],[object Object],[object Object],[object Object],[object Object]

General provisions regarding export import ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

EXPORT PROMOTION MEASURES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Import Facilitation for Export Production ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Export Incentives ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object]

Cash subsidies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Fiscal incentives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Import control regime ,[object Object],[object Object],[object Object],[object Object]

Comparison of Pre 90’s & Post 90’s Exim Policy Trade deficit was largely due to programmes of industrialization which gathered momentum and pushed up the imports of capital goods. No improvement in exports. -108 622 730 1951-56 ,[object Object],[object Object],[object Object],[object Object],-3 647 650 1948-51 Trade Bal. (Cr.) Export (Cr.) Import (Cr.) Year

[object Object],[object Object],[object Object],[object Object],-477 747 1224 1961-66 Excess of import due to setting of steel plants,heavy expansion & renovation on railways & modernization of many industries. Export lower than occur in second plan which shows that export promotion drive did not materialize. -467 613 1080 1956-61 Trade Bal. (Cr.) Export (Cr.) Import (Cr.) Year

As a consequence of import restriction policies with vigorous export promotion measures ,during 1972-73 the country had favourable balance of trade for first time since independence. But several international factors pushed up the price of petroleum product,steel,fertilizers etc.results low magnitude of trade balance. -162 1810 1972 1969-74 ,[object Object],[object Object],[object Object],[object Object],-2067 3708 5775 1966-69 (Annual- plans) Trade Bal. (Cr.) Export (Cr.) Import (Cr.) Year

Decline in POL imports was more than by a big hike in non-POL imports as a consequence of import liberalization. Consequently, huge trade balance. -5935 9051 14,986 1980-85 Significant increase in export during every year of this period.Export of coffee,tea,cotton fabrics etc.recorded substantial increase in this period. But,Janta Government followed policy of haphazard import liberalization results decline trade balance from 1977-78. -810 4730 5540 1974-79 Trade Bal. (Cr.) Export (Cr.) Import (Cr.) Year

In 1990-91,push was given to export,but as a consequence of Gulf war government failed to curb imports. In1991-92, government introduced number of measures in trade policy allowing exim scripts,abolishing cash compensatory support(CCS) schemes as also a two-step devaluation of the rupee,but fail to boost up export. -7222 38,300 45,522 1990-92 Huge trade balance compelled the government to approach the World Bank/IMF for loan. The government was also forced to apply brakes on the licensing policy of imports. -10,841 18,033 28,874 1985-90 Trade Bal. (Cr.) Export (Cr.) Import (Cr.) Year

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],-22,488 118252 140740 1992-01 Trade Bal. (Cr.) Export (Cr.) Import (Cr.) Year

[object Object],[object Object],[object Object],[object Object],[object Object],-12910 -15454 52512 64723 65422 80177 2002 –03 2003-04 Trade Bal. (US $million) Export (US $million) Import (US $million) Year

Trade - On an All time High Source: Reserve Bank of India ,[object Object],[object Object],Economy is more Open than ever before Strong Export Growth ,[object Object],Strong Imports growth ,[object Object],Strong Service Exports ,[object Object]

Trade Trends .. Source: Reserve Bank of India

export import Policy

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export import Policy