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Import Export in India, Business in India Product Sourcing from India Before 1991, export trade in India was not very flourishing as Government of India had imposed several regulations and high duty fees. Because of these reasons, the importers to India were reluctant to do business with India. The year 1991 was an important era in the history of import export in India. Since 1991, India has been seeing drastic growth in the business scenario because the Indian market got opened to Foreign market as Government of India revised its economy policies and now it had friendly norms for the importers and exporters of India. The customs and excise were reduced which resulted in the progress of Indian export market and eventually increased international business in India. Exporting items from India has been very much profitable for the other countries. As India is well known for its skilled talent and so can manufacture and export a great array of wholesale products, which make a huge marketplace offshore. At present India is renowned as one of the largest export markets for other countries, but as the country continues to develop, it is likely that it will become more...more
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