Need More Wind In The Sails – Nation News
India’s foreign trade policy can be divided into three phases: the 1950-75 period that saw tight controls, 1976-91 which witnessed some liberalisation, particularly the last 5-7 years, and 1992 onwards which saw the full onset of liberalisation. Although the government had introduced quantitative import controls in May 1940 to conserve foreign exchange during World War…