5. India’s export performance in the recent past has been poor in relation to the needs of the economy and in comparison with some other developing countries. Examine the reasons behind the decline in India’s exports. Highlight the measures proposed in Foreign Trade Policy 2015 to overcome this challenge.

Approach:

♤ Contextualise India’s export performance in the introduction.

♤ Delineate the reasons for the performance on this front.

♤ Provide a comparison with other developing countries.

♤ Clearly delineate the reasons behind decline in India’s exports.

♤ Measures proposed in Foreign trade policy 2015.