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Since the early 1990s, world economies have witnessed a paradigm shift towards market-oriented economic policies, as well as a careful dismantling of obstacles in international trade. This has helped developing countries like India gain access to world markets, modern technologies, and collaborations. This has also given these countries a window to the developed world, helping them to understand the significant role of foreign trade as an effective instrument of economic growth and employment generation. Beginning in 1991, the government of India has introduced a series of reforms to liberalize and globalize the Indian economy. Reforms in the external sector have helped to integrate India into the world economy. In recognition of the growing importance of foreign trade in the Indian economy, this book provides a comprehensive description and analysis of post-independence developments in India's foreign trade and allied sectors with focus on the post-1991 period. The book covers: changi