EXPORT FINANCE: A TOOL FOR PROMOTING EXPORT IN INDIA

Export Finance play a crucial role in growth and development of export sector in any economy, which face a tough competition from rest of world. It is an essential and prime element for successful operation of various internal and external activities to grow the export business sector. In view of many scholars and economists, export is considered as the engine of growth and development of any country. Presently, India’s total export is contributing approx. 2% in the world’s trade. In export trading the 6 Ps concepts of export marketing are depending on the availability of export finance assistance in terms of share, cost and period of time. This study attempts to analyze and review the impact of export finance used by various exporters on their export profitability, performance on varied interest rate, cost of finance and special schemes related to pre and post shipment stage in export trading. To analyze the role and importance of various financial institutions in providing the financial assistance to the exporters in India helps and supports to export sector to grow in the right direction and also to achieve the specific goals. This research paper provides meaningful information to policy maker who want to reform their export structure, promotion schemes and increase the nation’s competitiveness in present era. KEYWORDS: Export Finance, Financial Institutions, Export Credits, Export Insurance