Hayat Ashraf

Foreign trade plays a significant role in the Indian economy, contributing to economic growth, employment generation, and fostering international relations. India participates in various international organizations and agreements to facilitate and regulate its foreign trade activities. Here's an overview of foreign trade and international organizations in the Indian economy: 1. Foreign Trade Policy:    a. The Directorate General of Foreign Trade (DGFT) formulates and implements the Foreign Trade Policy (FTP) of India. The FTP outlines the guidelines, incentives, and regulations governing foreign trade activities. 2. Export Promotion:    a. Export Promotion Councils (EPCs): EPCs are industry-specific organizations that promote and support exports from India. They provide assistance to exporters in market research, trade promotion, export documentation, and resolving export-related issues.    b. Export-Import Bank of India (EXIM Bank): EXIM Bank provides fina...