Q. The primary objective of India’s Duty-Free Tariff Preference (DFTP) Scheme is to:
Red Book
Red Book

[A] Provide subsidies to Indian exporters to enhance their competitiveness in international markets.

[B] Encourage foreign direct investment in Indias manufacturing sector by offering tax incentives to multinational companies.

[C] Increase tariffs on all imports to protect domestic industries from foreign competition.

[D] Facilitate market access for exports from Least Developed Countries (LDCs) to India by reducing or eliminating tariffs on eligible products.

Answer: D
Notes:

Explanation – The DFTP Scheme is designed to provide duty-free and preferential market access to products originating from Least Developed Countries (LDCs). This scheme aims to enhance trade opportunities for LDCs by allowing their products to enter the Indian market with reduced or zero tariffs, thereby supporting economic development in these countries.

Source: DD News

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