Question

Explain the characteristics of International trade of India.

Answer 1

1. India has trade relations with all the major trading blocks and all geographical regions of the world.
2. India was able to export its manufactured goods after improving its productivity and product quality thanks to international trade.
3. The commodities exported from India to other countries include gems and jewellery, chemicals and related products, agriculture and allied products, etc.
4. The commodities imported to India include petroleum crude and products, gems and jewellery, chemicals and related products, base metals, electronic items, machinery, agriculture and allied products.
5. India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology