Every year, Foreign Trade Policy has been declared by which ministry of the Government of India?

Correct option is A

The correct answer is option (a) Ministry of Commerce and Industry.

The Foreign Trade Policy (FTP) of India is declared by the Ministry of Commerce and Industry, Government of India.

Information booster :

• The Ministry of Commerce and Industry is responsible for formulating and announcing the Foreign Trade Policy, which governs the trade and export-import policies for India.
• The Directorate General of Foreign Trade (DGFT), which operates under the Ministry, plays a key role in implementing and monitoring these policies.
• The Foreign Trade Policy sets out guidelines, incentives, and strategies to promote and regulate international trade, focusing on boosting exports, supporting businesses, and achieving economic growth.
• It typically covers aspects like export promotion schemes, foreign trade regulations, tariff policies, and measures for enhancing export performance.