India’s Foreign Trade Policy
“Many countries have restricted imports of luxury goods and non-essential items, many of them are insisting on paying in local currency, which is risky because depreciation of these currencies against the US dollar. Hence, the trade strategy needed to be reworked to reflect the current global reality,”
"We will have to defer the release of the new policy. The existing policy will be continued,"
stated Amit Yadav, assistant secretary of the Department of Commerce.