INDIA’S FOREIGN TRADE POLICY

Paper Code: 
24MIB324
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to gain comprehensive understanding of India’s Foreign Trade Policy and its implications.

 

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching

strategies

Assessment Strategies

Course Code

Course title

24MIB324

India’s Foreign Trade Policy

(Theory)

CO193: Analyze the composition of India’s foreign trade along with trends and direction of foreign trade and understand the concept of Balance of Payment.

CO194: Evaluate the Export-Import Regulatory Framework and will get acquainted with the objectives and main provisions of Current Foreign Trade Policy of India.

CO195: Appraise the objective and significance of various Institutional infrastructures for the growth and development of Foreign Trade.

CO196: Examine various Export Promotion Measures, Incentives and Assistance offered by the Government of India to help the exporters and importers of the country.

CO197: Evaluate the various levels of Regional Economic Integration and get acquainted with their objectives.

CO198: Contribute effectively in course-specific interaction

Approach                     in teaching:

Interactive Lectures, Group Discussion, Tutorials, Case Study

Learning activities for the students:

Self-learning assignments,

presentations

Class test, Semester end examinations, Quiz, Assignments, Presentation

 

12.00
Unit I: 
India’s foreign trade and Balance of Payment

India’s foreign trade: Composition of India’s foreign trade, export of principal

commodities from India, import of principal commodities in India, Trends and

direction of foreign trade, Major problems of India’s export sector.

Balance of Payment: Concept, Components of BOP, Balance of trade, Importance of BOP.

12.00
Unit II: 
Export-Import Trade Regulatory Framework and Current Foreign Trade policy of India

Export-Import Trade Regulatory Framework: Foreign Exchange Management Act (FEMA), Customs Act, Export (Quality control and inspection) Act.

Current Foreign Trade policy of India: Objectives, Main provisions.

12.00
Unit III: 
Institutional infrastructure for Foreign Trade

Director General of Foreign Trade (DGFT), Export Promotion Council (EPC), Commodity Boards, Indian Institute of foreign trade (IIFT), Export Import Bank of India (EXIM), Export Inspection Council (EIC), Indian Institute of Packaging (IIP), Indian Council of

Arbitration (ICA), India Trade Promotion Organization (ITPO), Federation of Indian Export Organizations (FIEO).

12.00
Unit IV: 
Export promotion measures and Incentives & Assistance

Export promotion measures in India: Export Processing Zones (EPZ), Export Oriented Units (EOU), EPIP, Special Economic Zones (SEZ), Software Technology Park (STP), Electronic Hardware Technology Park (EHTP), Export & Trading Houses.

Incentives & Assistance:Export Promotion Capital Goods Scheme (EPCG), Duty exemption, Duty drawback, Tax Exemption, Market

Development Assistance, Market Access Initiative.

12.00
Unit V: 
Regional Economic Integration

Levels of Regional Economic Integration- Free trade area, customs union, economic union and common market, Generalized System of Preferences (GSP), Global System of Trade Preferences (GSTP).

Objective & importance of establishment of South Asian Association for Regional

Cooperation (SAARC), Association of South East Asian Nation (ASEAN), European Union (EU), South Asian Free Trade Area (SAFTA)

Essential Readings: 
  • P. Subba Rao : International Business International Business: Rakesh Mohan Joshi
  • Handbook of Export Import, Nabhi Publication
  • Jain & Singh, Modern International Business, Regal Publications 2007, New Delhi.

 

References: 

SUGGESTED READINGS:

  • International Marketing: M J Methew
  • Thakur & Mishra : International Business.

 

E-RESOURCES:

https://www.expresslibrary.mheducation.com/bookshelf

 

JOURNALS:

  • Foreign Trade Review
  • The Indian Journal of Commerce
  • Asian Journal of Management Cases

 

Academic Year: 
2024-2025
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