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Question
"Oceanic routes play an important role in the transport sector of India's economy." Examine the statement.
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Solution
- Approximately 95 percent of India’s foreign trade by volume and 70 percent by value moves through ocean routes.
- Apart from international trade, these are also used for the purpose of transportation between the islands and the rest of the country.
- Our country earns a lot of money from major commercial ports like Mumbai and Kolkata.
- Heavy machinery required for industrial and infrastructure development is transported via oceanic routes.
- The oceanic route facilitates national export and import, resulting in an increase in national GDP.
- The risk of goal damage during transit is also lower when compared to other modes of transportation.
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