PIB Summary & Analysis for UPSC IAS Exam for 31st Mar 2023 [Video]

TABLE OF CONTENTS

1. Foreign Trade Policy 20232. Revamped Credit Guarantee Scheme for Micro & Small Enterprises3. Sagar Setu Mobile App4. Joint Defence Cooperation Committee meeting between India & Philippines

1. Foreign Trade Policy 2023

Syllabus: GS 2, International Relations.

Mains: Foreign Trade Policy of India 2023.

Prelims: Foreign Trade Policy 2023.

Context: India’s Foreign Trade Policy of 2023 was announced.

Details:

• India’s Foreign Trade Policy (FTP) 2023 was launched by the Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Shri Piyush Goyal.
• It is a dynamic and open-ended policy to accommodate emerging needs.
• Notably, India’s overall exports (including services and merchandise exports) crossed US$ 750 Billion. It is expected to reach US$ 760 Billion in 2023.

Foreign Trade Policy 2023:

• It is a policy document based on the continuity of time-tested schemes.
• It emphasizes the principles of ‘trust’ and ‘partnership’ with exporters.
• The policy aims at process re-engineering …