Dou­ble Rev­enue

Southasia - - EDITOR’S MAIL -

On the face of it, In­dia’s latest For­eign Trade Pol­icy seems to be the change ev­ery­one had been wait­ing for; and in some cases, it is. With sup­port ex­tended to agri­cul­tural and in­dus­trial prod­ucts in ma­jor mar­kets and the cri­te­ria for ex­port per­for­mance to be mea­sured in U.S dol­lars rather than the In­dian rupee, the In­dian gov­ern­ment has helped In­dian man­u­fac­tur­ers and ex­porters get their work cut out for them in their drive to­wards en­hanced eco­nomic growth.

Yet, I agree with the au­thor of the ar­ti­cle when he says that it in or­der for In­dia to achieve its goal of in­creased ex­ports, it will have to over­come some ma­jor hur­dles re­lated to for­eign trade such as non­tar­iff bar­ri­ers and dif­fi­cul­ties in the is­suance of visas to busi­ness ex­ec­u­tives. Only then can the gov­ern­ment hope to achieve its ob­jec­tive of dou­bled ex­ports within the next 5 years.

Ru­pali Manglani

New Delhi, In­dia

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