Export may be simply defined as selling of goods to a foreign country. As per Section 2 (e) of the India Foreign Trade (Development and Regulation) Act (1992), the term export may be defined as 'an act of taking out of India any goods by land, sea or air and with proper transaction of money".
Exporting a product is a profitable method that helps to expand the business and reduces the dependence in the local market. A primary reason for export is to earn foreign exchange, which not only brings profit for the exporter but also benefits the economy of the country. International trade also keeps an exporter more competitive and less vulnerable to the market.
Government of India supports exporters through incentives and schemes to promote Indian export as well as by entering into beneficial trade agreements with governments of foreign countries and international trade organisations.