The Directorate General of Foreign Trade (DGFT) comes under which Ministry?

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  1. Ministry of Mirco, Small & Medium Enterprises
  2. Ministry of Finance
  3. Ministry of Commerce and Industry
  4. Ministry of External Affairs

Answer (Detailed Solution Below)

Option 3 : Ministry of Commerce and Industry
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Detailed Solution

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The correct answer is Ministry of Commerce and Industry.

Key Points

  • The Directorate General of Foreign Trade (DGFT) operates under the Ministry of Commerce and Industry.
    • The DGFT is responsible for the formulation and implementation of the Foreign Trade Policy of India.
    • It plays a crucial role in promoting India's exports and trade relations with other countries.
    • The DGFT also issues necessary licenses and permits for imports and exports in India.

Additional Information

  • The Ministry of Commerce and Industry is divided into two departments: the Department of Commerce and the Department for Promotion of Industry and Internal Trade (DPIIT).
  • The Department of Commerce handles international trade and export promotion, while DPIIT focuses on industrial policy and promotion.
  • The DGFT, as part of the Department of Commerce, works closely with other government agencies and trade bodies to facilitate international trade.
  • It also provides support and guidance to exporters and importers to enhance their global competitiveness.
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