David William

The National Freight Index (NFI) is a comprehensive barometer of the road freight spot market in India. NFI offers an aggregated picture of both live rates and historical trends of spot price movements in the road freight industry. The index is represented in two main forms, firstly in terms of actual freight rates condensed to INR per ton-km and secondly in terms of relative movement with respect to the base month of April 2018.

A foreign sales corporation (FSC) is a defunct provision in the U.S. federal income tax code which allowed for a reduction in taxes on income derived from sales of exported goods. The code required the use of a subsidiary entity in a foreign country which existed for the purposes of selling the exported goods.

The marginal propensity to import (MPM) is the change in imports induced by a change in disposable income.
The idea is that rising income for businesses and households spurs greater demand for goods from abroad and vice versa.
Nations that consume more imports as their population's income increases have a significant impact on global trade.
Developed economies with sufficient natural resources within their borders typically have a lower MPM than developing countries without these resources.

A voluntary export restraint (VER) is a trade restriction on the quantity of a good that an exporting country is allowed to export to another country. This limit is self-imposed by the exporting country. VERs came about in the 1930s and gained a lot of popularity in the 1980s when Japan used one to limit auto exports to the U.S. In 1994, World Trade Organization (WTO) members agreed not to implement any new VERs and to phase out existing ones.