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The rationale for export promotion in the context of Indian economic development is rooted in the objective of accelerating economic growth, generating foreign exchange, and improving the balance of payments. Export promotion is seen as a strategy to integrate the domestic economy with the global market, thereby encouraging competitiveness, technological advancement, and efficiency in production. India, being a developing economy with limited domestic demand in certain sectors, benefits from accessing international markets to expand the _______ _______ ___ _________ _______ ____ _______ ____ _________ ________.
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