India's Foreign Trade Environment
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Questions and Answers

What is the role of ECGC in India's foreign trade?

To provide export credit insurance to exporters

What are the functions of Foreign Exchange Market?

To facilitate the exchange of currencies and determine exchange rates

Explain the advantages of Foreign Direct Investment (FDI) to host countries.

FDI brings in capital, technology, and expertise, which can boost economic growth and create job opportunities.

What is the purpose of Export Processing Zones (EPZs) in India?

<p>To promote exports by providing special incentives and infrastructure to businesses operating within the zones.</p> Signup and view all the answers

How does the Export-Import Bank of India (EXIM Bank) support foreign trade?

<p>EXIM Bank provides financial assistance, credit, and guarantees to facilitate exports and imports.</p> Signup and view all the answers

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