Object of the study:

The object of the study on export and import policy is to analyse and understand the regulations
strategies and framework governing the cross-border movement of goods and services.this
research aims to investigate the impact of export and import policies on international trade,
economic growth and market dynamics.It delves into the legal and administrative aspects,
exploring tariff structure,trade agreement and customs procedures.the study also asses the role of
government interventions in shaping trade policies,addressing issues of protection and free
trade.By scrutinizing historical trends and current practices,it seeks to provide insights into
optimizing policy framework for fostering sustainable economic development, fostering global
competitiveness and promotion fair and equitable trade practices.Ultimately the object is to
contribute to informed decision-making for policymakers, businesses,and stakeholders involved
in international trade

Introduction:
Export and import plays a vital role in shaping a nation’s economic landscape by governing the
movement of goods across borders.these policies established by governments, encompasses a set
of regulations, restrictions and requirements that guide international trade.Export policies outline
the conditions for sending goods abroad encompassing aspects such as licensing quotas and
tariffs.Conversely import policies dicate the terms under which foreign goods can enter a country
involving measures like customs duties and import quotas.these regulations are essential for
maintaining economic stability national security and fair trade practices.A clear understanding of
export and import policies is crucial for business to navigate the complexities of global
community and ensure compliance with legal frameworks, fostering a harmonious and regulated
international trade environment

Review of literature:

According to him,the political economy of India and exchange control regimes,before reforms
were initiated in 1991,can be understood from the implication of its selective, discretionary and
non-market oriented character.first, macroeconomic instruments, including most importantly the
exchange rate of rupee, were never used to address balance of payments except for the rupee
devaluation of 1966.Given that QRs on imports were substantially below market demand,the
domestic price of an imported commodity far exceeded its land cost inclusive of tariff duties and
other taxes.As such there were rents associated with licence to import.Thus to power to grant a
licence meant power to confer the right to rent to the rent involved.Since the domestic price of an
imported commodity and hence the rent to be earned per unit of import,would depend on the
total quantity of imports allowed in ,the licence authority not only conferred the right to the rent
but also determined its amount.

Foreign trade has a vital role to play in the economic development of a nation.It has assumed
enormous importance and significance in modern 2days because of the growing specialization
and territorial division of labour and consequent inter-dependence of economies.A developing
economy has to break the vicious circle of poverty, attain self-sustained growth and transform
itself into an industrialized one from the agrarian level.For this,it req6 resources which can be
had only through foreign trade,viz through imports and exports.

History of the study:

On the year of 1992 the EXIM policy enacted for the period of 5 years .In the year of EXIM
policy 1992-1997 In order to liberalized imports and boost exports,the Government of India for
the first time introduced the Indian EXIM Policy on April 1,1992.In order to bring stability and
continuity,the Export Import Policy was made for the duration of 5 years.However, the Central
Government reserves the right in public interest to make any amendments to the trade Policy in
exercise of the powers conferred by Section-5 of the Act.
Other than providing financial assistance,the Export and Import Bank of Indian Bank is always
looking for ways to promote the foreign trade sectors in India.In the early 1990s,EXIM
introduced a program in India known as the Clusters of Excellence.The aim was to improve the
quantity standard of our imports and exports.It also has a tie-up with the European Bank for
Reconstruction and Development.It has agreed to co-financed programs with them in eastern
Europe.

Analysis of the study:

The study on the EXIM policy presents Multifaceted examination of the trade Dynamics within
the country.The Policy’s stated objectives are pivotal, aligning with overarching economic
goals,yet their realisation requires scrutiny.Evaluating the impact on the trade balance reveals
advanced trends in exports and imports,shedding light on the policy’s efficacy A critical lens is
essential in assessing trade barriers and facilitators introduce as they directly influence the ease
of international transactions and market access for businesses.Furthermore,sector specific
implications unveil divergent impacts across industries necessitating a tailored approach for
comprehensive policy assessment.

Conclusion:

In conclusion,the study on the EXIM policy underscores it’s pivotal role in shaping the nation’s
economic landscape.The policy’s objectives align with broader economic goals, necessitating a
nuanced evaluation of their implementation.Anlaysis of trade balance trends,trade barriers,sector
-specific implications reveals the intricate dynamics at play. Effective compliance and
enforcement mechanism are crucial for the policy’s success in fostering a conducive international
trade environment.the global competitiveness of the nation’s products emerges as a key indicator
of the policy’s impact on market presence and resilience . Macroscopic effects,including GDP
growth and employment, contribute to a holistic understanding of the policy’s broader economic
implications.the conclusion drawn is that the EXIM policy’s continued success hinges on
adaptability to evolving global trade Dynamics, robust enforcement,and strategic foresight to
ensure sustained economic development.