A Comparative Study of Institutional Framework of India-USA Trade

Abstract

International trade provides a big base for institutional relations. Increase in foreign trade of a country shows the advancement in economic efficiency of that country. Foreign trade of a country depends mainly on the institutional and policy framework for trade in concerned country. And institutional framework is very important for India as developing country. Present paper analyses the institutional framework of foreign trade of two countries. For more clear and systematic comparison, the institutional framework of Indian trade and institutional framework of USA trade has been analyzed. Some studies have also been taken to review the literature. At last study concluded that India must pay more attention for improvement of quality of exported product.