The nodal agency of the Government of India for promoting the country's external trade is.

A. Indian Trade Promotion Organisation

B. Indian Institute of Foreign Trade

C. Federation of Indian Exports

D. Trade Development Authority of India

Answer: Option B

Solution(By Examveda Team)

The nodal agency of the Government of India for promoting the country's external trade is Indian Institute of Foreign Trade. The Indian Institute of Foreign Trade (IIFT) was set up in 1963 by the Government of India as an autonomous organisation to help professionalise the country's foreign trade management and increase exports by developing human resources; generating, analysing and disseminating data; and conducting research.