Leelesh Sundaram. B & Asst. Prof. Suresh Babu
Leelesh Sundaram. B: BBA LL.B (Hons) (LL.M-Commercial Law), Saveetha School of Law, Saveetha Institute of Medical and Technical Sciences, Saveetha University.
Asst. Prof. Suresh Babu: Assistant Professor, Saveetha School of Law, Saveetha Institute of Medical and Technical Sciences, Saveetha University
ABSTRACT
As a result of the alarming rise in Covid-19 infections and figuring out that the spread of the deadly and mutated virus was primarily due to the contact developing from the foreign countries, India was constrained to suspend the export and import business impliedly after closing the international passenger entries which has led to the steep fall in the economic stability and revenue raising capacity of the state as India raises its significant revenue from exports. It is also found out that India is not equipped with an EXIM policy to manage global health crises and protect exports and a competent principle model for creating a resilient policy for India is still overlooked. The developing a competent principle for resilient EXIM policy is the need of the hour as the threat of further health crises keeps increasing day by day and economic stability of the nation also requires to be protected. Hence in order to keep the nation shielded from further economic loss and adversity, the present study of finding out the principle model for Resilient EXIM Policy for International Exports in India so as to be element to combat with any unprecedented crises. As the study is aimed at finding out the principles for Resilient EXIM Policy for International Exports in India so as to be element to combat with any unprecedented crises, it is carried out on an objective to find out the current scenario and opportunities present in the light of the present health crises for finding out the desired principle models.
Keywords: EXIM Policy, International Exports, Covid-19, Foreign Trade, India.