Highlights Of Foreign Trade Policy, 2021-2026

  Foreign Trade Policy 2021-2026: Expectations For The Import-Export Sector On April 1, India was to unveil the Foreign Trade Policy 2021-2026. The existing policy was extended by a year due to Covid-19, which was to end on March 31. And the government decided to further extend it for 6 more months. The current policy will now be valid upto September 30. The foreign trade policy (FTP) outlines government strategies and steps to promote domestic production and exports with the objective of driving economic growth. Import and Export Agent in Delhi observes that it still remains to be seen how the new policy gets affected after India battles the second wave of the pandemic. The new policy is eagerly awaited as the economy continues to reel from the effects of the pandemic and disruptions to international trade caused by lockdowns and restrictions worldwide. The UN World Economic Situation and Prospects 2021 report says India’s economy shrank 9.6% in 2020 against a global average ...