Import of goods helps to boost the economy by providing capital good for infrastructure or industrial development, meeting shortages and improving quality of production. It also helps improving living standards by making available good and products not produced in the country. With the rise in disposable incomes in India, the marked for imported goods is growing. Starting a business of importing goods can be a profitable venture, but requires that the rules and regulations governing such trade and the markets in respect of both the countries, and the trade agreements with the country of interest, are studied and understood well.

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