Which of the following is NOT one of the pillars of India's 'Foreign Trade Policy 2023' ?

The Correct answer is Option 1. 

Key PointsThe pillars of India's 'Foreign Trade Policy 2023' include:

1. Export promotion through collaboration
2. Ease of doing business
3. Emerging areas-streamlining SCOMET policy

The term "Enlarging MFN (Most Favored Nations)" is not listed as one of the pillars of the Foreign Trade Policy 2023.

Therefore, the correct answer is: 1) Enlarging MFN (Most Favored Nations)

Additional Information

•  India's 'Foreign Trade Policy 2023' is structured around several key pillars aimed at enhancing the country's trade performance and global competitiveness. Central to the policy are efforts to promote exports through collaboration, fostering partnerships between government entities, exporters, and industry stakeholders to drive export growth. Additionally, the policy emphasizes ease of doing business by simplifying trade procedures, reducing bureaucratic obstacles, and improving logistics, thereby creating a more favorable environment for trade. Another significant focus is streamlining the SCOMET (Special Chemicals, Organisms, Materials, Equipment, and Technologies) policy to update and align regulations governing the export of sensitive items with international standards, facilitating trade in emerging sectors.
• The policy does not specifically include "enlarging MFN (Most Favored Nations)" as one of its pillars. While the Most Favored Nation status is crucial for ensuring non-discriminatory trade treatment between countries, it is not a central component of the Foreign Trade Policy 2023. Instead, the policy aims to support India's economic goals by enhancing trade volumes, tapping into new markets, and strengthening the country's global trade position. It also pays particular attention to supporting micro, small, and medium enterprises (MSMEs) to boost their participation in international trade.