A Study On India’s Foreign Trade: An Analysis

Foreign trade is nothing but international trade which means the trade difference among the different countries in the world. Foreign trade is supporting the country’s economic development in its different stages. The composition of foreign trade is an important index of the pattern of trade developed by the country. It involves various items of exports and imports. After globalization, many changes have taken place in India’s foreign trade. Meanwhile the government of India has announced foreign trade policies time to time to promote and development of foreign trade in India. In this view, the present study taken place with the objectives of analyzing the imports and exports, balance of payments positon and to identify the overall performance of India’s foreign trade. To fulfill these objectives the available secondary data have been collected from various secondary sources such as books, journals, annual reports and analyzed with the assistance of statistical tools like percentages, annual growth rates, and CAGRs.