The Ministry of Commerce and Industry is the nodal agency for formulating and implementing policies and programs related to export promotion in India.

Export promotion aims to increase a country's exports, thereby generating foreign exchange earnings, boosting economic growth, and enhancing competitiveness in the global market.

Imposing tariffs on imported goods is a protectionist measure aimed at shielding domestic industries from foreign competition. It is not a strategy used for export promotion.

Balance of trade refers to the difference between the value of a country's exports and the value of its imports.

Export promotion aims to increase a country's exports, not reduce its reliance on imports.

Exporting refers to the process of selling goods and services to other countries.

While natural resources can be a source of comparative advantage, they are not the only factor that affects a country's export performance.

Importing refers to the process of buying goods and services from other countries.

Low domestic demand is not a challenge faced by exporters, as their focus is on selling goods and services to foreign markets.

Total trade refers to the total value of a country's exports and imports.

Import substitution is a strategy aimed at reducing a country's reliance on imports, not promoting exports.

Balance of trade refers to the difference between a country's total exports and its total imports.

While export promotion can contribute to economic growth and development, it is not specifically targeted at reducing poverty.

Exporting refers to the process of selling goods and services to other countries.

Low domestic demand is not a challenge faced by exporters, as their focus is on selling goods and services to foreign markets.