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Project Description : In the era of globalization Foreign Trade has become the lifeline of any economy. Its primary purpose is not merely to earn of foreign exchange, but to stimulate greater economic activity. The Export Import policy of a nation must be of a competitive and facilitative nature that helps in nurturing local enterprises as national champions and enables them to compete globally and become world champions. The area in which the imports are almost essential are defence requirements, crude oil, fertilizers, capital goods, industrial inputs like raw materials, components, consumables, spares, etc., import of samples, import of technology, import of drawing and designs, import of services etc.. It is easy to relocate any of these factors from one country to another depending on where they are needed.In this study we have studies overall India’s foreign trade statistics in terms of goods and service import / export. Also we have highlight foreign trade policy, import export policy and procedures.
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