BBA-205 Unit-4 Business Environment
Objectives of EXIM Policy or Foreign trade policy of India

The Export-Import (EXIM) Policy of India has several objectives aimed at promoting and regulating international trade. Few of the key objectives are given below:

1. Promoting Export Growth: To stimulate and increase India’s exports of goods and services.
2. Enhancing Foreign Exchange Earnings: To earn foreign currency and strengthen India’s balance of payments.
3. Diversifying Exports: To expand the range of exportable products and services.
4. Facilitating Market Access: To provide easier access to international markets for Indian exporters.
5. Encouraging High-Value Exports: To focus on high-value and technologically advanced products and services.
6. Promoting Trade with Emerging Markets: To boost trade with emerging economies and reduce dependency on traditional markets.
7. Supporting Small and Medium Enterprises (SMEs): To assist small and medium-sized enterprises in becoming competitive exporters.
8. Strengthening Infrastructure: To improve transportation, logistics, and export-related infrastructure.
9. Simplifying Trade Procedures: To reduce bureaucracy and streamline export-import processes.
10. Ensuring Product Quality and Standards: To maintain and enhance the quality of export products.
11. Promoting Research and Development: To encourage innovation and technological advancement in exports.
12. Encouraging Foreign Direct Investment (FDI): To attract foreign investment in export-oriented industries.
13. Facilitating Import of Essential Goods: To ensure the availability of critical imports for the domestic market.
14. Expanding Service Exports: To increase exports in sectors like IT, tourism, and healthcare services