Prior to the launching of economic reforms in 1991, foreign trade
of India suffered from strict bureaucratic controls and
discretionary regulations. With a view to simplify procedures and
reduce controls, the Government made a Statement on Trade Policy in
Parliament on August 13, 1991, ushering a new era in the foreign
trade policy of India. Instead of controls and regulations, the
focus shifted to promotion and development of foreign trade. The
present book provides a comprehensive view of the changes in
India's foreign trade during the post-liberalisation period. It
also traces policy developments with regard to direct foreign
investment during the reforms period.
General
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