Question

"Oceanic routes play an important role in the transport sector of India's economy." Examine the statement.

Answer 1

1. Approximately 95 percent of India’s foreign trade by volume and 70 percent by value moves through ocean routes.
2. Apart from international trade, these are also used for the purpose of transportation between the islands and the rest of the country.
3. Our country earns a lot of money from major commercial ports like Mumbai and Kolkata.
4. Heavy machinery required for industrial and infrastructure development is transported via oceanic routes.
5. The oceanic route facilitates national export and import, resulting in an increase in national GDP.
6. The risk of goal damage during transit is also lower when compared to other modes of transportation.