Balance of Trade : A Measure to Control Rupee Volatility

India’s foreign trade has seen a multi-fold increase, since liberalisation of the economy. However, at present, Indian economy is facing the problem of burgeoning imports and thereby growing deficit in its balance of payments position. On one side, there is a growing competition in pushing the exports to different countries and on the other side, Indian economy is suffering from the increased threat of cheaper imports in the domestic market. Amidst the protectionist measures taken by USA, India needs to explore with new products and new markets to promote the exports. This study brings out various strategies to enhance the international trade of Indian economy