Phase IFoundation
Background
Overview
Understanding India's trade policy is crucial for analyzing economic relations, balance of payments, and the government's approach to global trade and national security.
India's Foreign Trade Policy (FTP) is a comprehensive framework formulated by the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, governing the country's exports and imports. It aims to promote economic growth by facilitating trade, enhancing competitiveness, and regulating specific goods and countries for national interest, economic stability, or environmental protection.