Foreign trade policy 2015-2020 launched
Q. Consider the following statements about the Foreign Trade Policy 2015-20 unveiled on 1st Apr’15.
A. This policy focuses on boosting exports and create jobs while supporting the Centre’s Make In India' and Digital India' programs.
B. The new policy is to create architecture for the Indian economy so that it can gain global competitiveness and promote the diversification of Indian export.
C. The policy is to move towards paperless working in 24x7 environments.
D. The policy comes at a time when export growth contracted 15 per cent in February 2014-15, reporting a negative growth for the third consecutive month.- Published on 31 Jul 15
a. A & B is correct
b. B & C is correct
c. A, B & D is correct
d. All of the above is correct
ANSWER: All of the above is correct
The policy document was released by the Minister of Commerce and Industry Nirmala Sitharaman in New Delhi. While releasing the FTP, Mrs Sitharaman said that the new policy will support both manufacturing and service sector with special emphasis on improving the ease of doing business.