A five-year foreign trade policy regime was announced by the commerce and industry minister, MR KAMAL NATH in the year 2004. Stability of trade policy regime has yielded very positive results and in the three years since then, india's merchandise exports have almost doubled. India's share of world trade has moved from 0.76% to above 1%.
Incremental exports in last 3 years have created additional 75 lakhs jobs.
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