Established in 1963, Indian Institute of Foreign Trade is a non-profit public higher-education institution located in the urban setting of the large metropolis of New Delhi (population range of over 5,000,000 inhabitants), NCT of Delhi. Officially recognized by the University Grants Commission of India, Indian Institute of Foreign Trade (IIFT) is a coeducational Indian higher education institution. Indian Institute of Foreign Trade (IIFT) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees in several areas of study. International applicants are eligible to apply for enrollment. IIFT also provides several academic and non-academic facilities and services to students including a library, housing, sports facilities, study abroad and exchange programs, as well as administrative services.