Foreign Trade

India’s Cotton Exports

September 19, 2015

India is world’s largest cotton exporter after United States. Till 2003-04, India was net importer of cotton; however after that India has been a net exporter thanks to liberalization of cotton export; increased production of cotton due to use of Bt Cotton. In 2013-14, India exported 11.7 million bales...

Import Substitution

March 7, 2015

Import substitution is an aggressive economic policy employed by emerging economies to promote domestic production and self-sufficiency in many sectors. It is also seen as a means to reduce dependency on developed nations. IS seeks to provide added protection to domestic industries via tariffs, import quotas, government loans at...