Question

 India's Trade Policy (2009-14) seeks to -
(A) Double the country’s share of global trade by 2020.
(B) Achieve growth of 25 per cent per annum in exports.
(C) Double Indian exports of goods and services by 2014.
Choose the correct statement :
1. (A) and (B)
2. (B) and (C)
3. (A) and (C)
4. (A), (B) and (C)

Answer 1

Correct Answer - Option 4 : (A), (B) and (C)

The correct answer is (A), (B) and (C).

• India's Trade Policy (2009-14) 
  • Double the country’s share of global trade by 2020.
  • Achieve growth of 25 percent per annum in exports.
  • Double Indian exports of goods and services by 2014.

 

• The objective of Trade Policy 2009-14
  • To arrest and reverse the declining trend in exports is the main aim of the policy.
  • To double India's exports of goods and services by 2014.
  • Achieve growth of 25 percent per annum in exports
  • To double India's share in global merchandise trade by 2020 as a long term aim of this policy.
  • Simplification of the application procedure for availing various benefits.
  • To set in motion the strategies and policy measures that catalyze the growth of exports
  • To encourage exports through a “mix of measures including fiscal incentives, institutional changes, procedural rationalization and efforts to enhance market access across the world and diversification of export markets.