In 2022, the Government of India is set to introduce the new Foreign Trade Policy (FTP) that will provide direction to the country’s broader trade policy regime in the succeeding five years. This FTP will be more difficult to draft than the previous ones, for various reasons including the increased global pressure to address trade policy uncertainties, the need for alignment with the self-reliance mission, Atmanirbhar Bharat Abhiyan, and the tenuous global economic environment. This brief examines the challenges at the policy and operational levels and offers suggestions for improving the forthcoming FTP.
The Policy and Operational Challenges in Formulating India’s New Foreign Trade Policy (Ram Singh, Surendar Singh, ORF)
Related articles