Aurtus Publication | India’s Foreign Trade Policy : An Insightful Guide for Exporters/Importers
Foreign trade has always been a cornerstone of India’s economic policy, shaping not only the country’s global integration but also its domestic industrial growth. Traditionally, India’s foreign trade policies were framed with fixed timelines, usually five years, offering exporters and importers a sense of predictability, but they often struggled to keep pace with shifting global dynamics. Against this backdrop, the Foreign Trade Policy 2023 (hereinafter referred to as “FTP 2023”), notified on 31 March 2023 and effective from 1 April 2023, represents a structural shift in approach. It abandons the fixed-term model and embraces an openended, flexible framework designed to evolve with emerging trade realities.
