The economy of India is one of the fastest growing economies in the world. As a part of the economic reforms, a number of economic policies have been taken which have led to the gradual economic development of the country. Under the reforms, there has been an initiative to improve the condition of exports to other countries. With this regard, the government has taken quite a few initiatives to benefit businesses that are in the export trade. The main objective of these benefits is to simplify the whole export process and make it more flexible. On a broader scale, these reforms have been a blend of both social democratic and liberalization policies.