India's Trade Policy, 2015–20 stipulates to raise India's share in world exports to -

Question

Question

This question was previously asked in

UGC NET Paper 2: Management 24th June 2019 Shift 2

Answer 1

The correct answer is 3.5 percent

Key Points India's trade policy:

A foreign trade policy consists of laws and regulations and a set of principles that govern imports and exports to other countries from India.
It is issued by the government of India.
The Foreign Trade Policy (FTP) 2015-2020 aims at facilitating foreign trade by reducing the cost and time of transactions.

Important Points

The Foreign trade policy was announced in April 2015.
India's Foreign trade policy 15-20 aimed at increasing India's share of global trade from 2.1 to 3.5 percent. And to double its exports to $900 billion by 2020.

Hence the correct answer is 3.5 percent.