Foreign Trade of India

Syllabus

Paper III: FOREIGN TRADE OF INDIA

Unit –I

Introduction – Trade its Meaning and Types. Difference between Internal and International Trade. Concept, Assumptions and Criticism of International Trade Theories. India’s Internal Trade- Characteristics and Problems. Coastal Trade. Terms of Trade.

Unit-II

Foreign Trade of India – Before Independence, During Planning Period, Recent Trends in India’s Foreign Trade. Major Items of Exports: Composition, Direction and Future Prospects, Major Items of Imports: Composition, Direction and Future Prospects.

Unit –III

Free Trade and Protective Trade Policies, India’s Major Trading Partners: USA, UK, China and Japan. National Level Financing Institutions: EXIM Bank, ECGC and Other Institutions in Financing of Foreign Trade, STC, MMTC, SEZ and EPZ. Export Promotions.

Unit –IV

Recent World Trade Scenario, Recent changes in Foreign Trade Policy, Trade Agreements – Bilateral and Multilateral Trade Agreements. GATT & UNCTAD, WTO. India’s Balance of Trade and Balance of Payments: Concept, Problems, Reasons for Disequilibrium and Corrective Measures.