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.
New Delhi, India