A Review of Trade Policy Of India Since 1991
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Abstract
Most of the third world countries have a colonial past marked by extensive and intensive exploitation of their economies by the colonial powers .One of the important instrument of the exploitation has been the instrument of foreign trade. Hence after independence government has formulated and implemented various policies to boost up foreign trade .Therefore the Emphasis was on 6 inward oriented policies. As far as foreign trade is concern large scale import substitution direct control on imports and investments and overvalued exchange rates .As for as export sector is concerned it was marked by extreme permission. But things have now radically changed .many developing countries adopted programmes of import liberalisation and export promotion and achieved remarkable success
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