A policy framework is a rational architecture built to synchronize policy documentation into groupings and categories that help employees to search and understand the contents of various policy documents easily. They assist in the planning and development of the policies for an enterprise.
The changes taking place in the world has a major impact on the global market and economy of many countries across the world. There is a huge competition among business enterprises with the advancement and implementation of technology.
India’s EXIM Policy
The different policy related decision taken by the government in foreign trade is known as Indian EXIM Policy. In simple words, imports and exports from and to the country. Precisely, export promotion scopes policies and procedures regarding the trade Policy is declared by the Central Government. Exim policy is called Foreign Trade Policy. It focuses on improving export potential, developing export performance, motivating foreign trade.
The main objectives of EXIM policy are as follows −
● To enhance economic growth by facilitating access to important raw materials, intermediaries, and other items required for production
● To make the Indian agriculture, industry and services more efficient and thus, develop their competitiveness
● To create new employment opportunities
● To supply quality products at reasonable prices
The main objectives of the Export Import Policy 1997 -2002 are as under −
● To boost the economy by increasing economic exercises and making it a universally familiar economy and to also create channels and obtain profits with improved global existence
● To enhance economic growth by facilitating access to important raw materials, intermediaries, and other items required for production
● To bring in technological reforms and make the Indian agriculture, industries, and services more efficient thus, developing their competitiveness.
● To create new employment opportunities
● To provide quality products at reasonable prices
The main objectives of the Export Import Policy 2002-2007 are as follows −
● To enhance economic growth by facilitating access to important raw materials, intermediaries, and other items required for production
● To bring in technological reforms and make the Indian agriculture, industries, and services more efficient thus, developing their competitiveness while creating new employment opportunities
● To supply customers with good quality products and services at globally competitive rates while at the same time building a level playing field for the domestic producers.
The EXIM policy plays a very essential role in the import and export of goods from and to India. It was designed to ease the transactions and improve the economic conditions of India.
