Trade Balance Trends — Policy Reforms

Entry	Year	Description	Impact
Foreign Trade (Development and Regulation) Act Amendment	2010	Enhanced the powers of DGFT to regulate exports and imports, introduced provisions for online filing of applications, and strengthened the legal framework for trade facilitation measures. The amendment also provided for electronic governance in foreign trade operations.	Streamlined trade procedures, reduced transaction costs for exporters and importers, and improved India's ease of doing business rankings, contributing to better trade balance management through efficient trade facilitation.