{"id":37491,"date":"2023-02-13T16:55:32","date_gmt":"2023-02-13T11:25:32","guid":{"rendered":"https:\/\/plyinsight.com\/?p=37491"},"modified":"2023-03-15T10:39:49","modified_gmt":"2023-03-15T05:09:49","slug":"indias-trade-policy-challenges-in-the-changing-global-trade-scenario","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/indias-trade-policy-challenges-in-the-changing-global-trade-scenario\/","title":{"rendered":"India’s trade policy challenges in the changing global trade scenario"},"content":{"rendered":"
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There has been an increase in India’s exports during the last few years, but this increase has not been regular. The main reasons for the increase in exports are price impact, search for alternatives during the period of pandemic and disruption of trade route due to Ukraine crisis.<\/span><\/p>\n

There is a need to improve the quality of manufacturing sector. This will help in the growth of the business on a regular basis. Participating in Global Value Chain GVC is the way to achieve this goal in less time. A favorable business climate can be promoted through a comprehensive policy framework. This will pave the way for regulatory reforms and development in infrastructure and logistics. If this happens, India can become an attractive center for export-oriented foreign direct investment.<\/span><\/p>\n

But this does not mean that the GVC should be changed so much that the entire process of production becomes limited to one’s own country. GVCs have to pay the price of change and also require investment of capital. So it proves to be an expensive deal. The post-Corona pandemic conditions do not appear to be appropriate for carrying forward these trends. The fragmentation of production is a regular process.<\/span><\/p>\n

The varying levels of development across economies dictate that supply chain networks are constantly growing and evolving. However, the difference at such times will be that it will find a way to consolidate. MNCs will also look for sources of dual\/multiple inputs and find ways of collaboration. In such a situation, trade in inter-regional trade or regional trade block will get a boost.<\/span><\/p>\n

India needs to negotiate trade agreements with major trading economies participating prominently in GVCs. During this, there is a need to adopt a liberal approach in all businesses, investments and developed provisions.<\/span><\/p>\n

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There is a need to improve the [...]","protected":false},"author":1,"featured_media":37492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3951],"tags":[1025,4060,4061,1143,888,3168],"class_list":["post-37491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-february-articles-2023","tag-business","tag-global-buisness","tag-globe","tag-india","tag-trade","tag-trading"],"yoast_head":"\nIndia's trade policy challenges in the changing global trade scenario - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/indias-trade-policy-challenges-in-the-changing-global-trade-scenario\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India's trade policy challenges in the changing global trade scenario - 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