answersLogoWhite

0


Best Answer

Due to the negative balance of payment situation which arises mainly due to the huge import bill on account of oil imports.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the need of export promotion in India?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where in India was first Export Promotion Industrial park was opened?

Jaipur


Do you require export license for export of website developed in india?

No, we do not need any kind of export licence for export of website developed in India.


The biggest producer of cashewnut in India is?

Pratipa Cashews or Cashew Export Promotion Council Kerala or Kamath Cashews


Procedures for export of medicines from India?

Following steps to be followed for export of medicine. 1. Register a company. 2. Open a current account. 3. Apply for IE code. 4. Become a member in Pharmaceuticals export promotion council. Now you are eligible for export of medicines from India


When was Uganda Export Promotion Board created?

Uganda Export Promotion Board was created in 1996.


What are the role of entrepreneur in export promotion?

In an export promotion model , entrepreneurs would be needed to come up with ideas for products and services that would be attractive to the rest of the world, either based on their price of production or their novelty, quality or other unique characteristics. This is the scenario that generally creates the type of entrepreneur that is popular in the public imagination, like Bill Gates. Furthermore, economists theorize that export promotion and free trade promote faster technological progress. Export promotion models, therefore , do not just depend on entrepreneurs - they also produce them.


Difference between export promotion and import substitution?

what is d difference between import substitution and export promotion


What has the author Saikat Sinha Roy written?

Saikat Sinha Roy has written: 'Post-reforms export growth in India' -- subject(s): Exports, Foreign trade promotion 'Persistence in India's manufactured export performance' -- subject(s): Commerce, Exports


Who is the Minister of Minor Export Crop Promotion for Sri Lanka?

Reginold Cooray is the Minister of Minor Export Crop Promotion for Sri Lanka.


What does India export and where do they export it?

The main export of India is mango from Maharashtra & Gujraat


Meaning export promotion council?

Export Promotion Council's main objective is to promote and develop the exports of the country. Each Council is responsible for the promotion of a particular group of products, projects and services.


Meaning of export promotion?

Export promotion refers to that policy of the government that offers encouragement to the exporters with a view to enhance the export of the country. In order to achieve this objective they are given numerous incentives and facilities.