Export-Led Growth Strategy: Tool for Economic Development in India
Keywords:
Globalisation, India, Export-led growth, Export promotion programsAbstract
India is the major world exporter and adopted the globalization policy since 1991. The Government of India has taken various policies and measures for promoting exports to become competitive enough in today’s globalized world. Lots of issues and factors are required to take into account while exporting. The success of exports depend on the planning and adopting the suitable strategy that could increases profit and economic growth. The present study is an attempt to analyze the various export promotion schemes of India to find out their effectiveness. After study, researcher came to know that India has done very well in exports and has taken export-led growth strategy as tool for economic development. It is concluded that despite the good performance of India’s exports there are some weaknesses in its export promotional scheme. Researcher has given some suggestions and recommendations that can redesign the India’s export promotion programs that will helpful in increasing the capacity of India in exports.
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