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Organise a class debate on the issue of free trade between India and China and India and Pakistan.

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Question

Organise a class debate on the issue of free trade between India and China and India and Pakistan.

Activity
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Solution

Class Debate: Free Trade between India and China, and India and Pakistan

Student 1 (Favour): Free trade can increase the exchange of goods and services between countries. It gives consumers more choices and may reduce prices through greater competition.
Student 2 (Against): Free trade can also harm domestic industries if cheaper imported goods enter the market in large quantities. Small producers may struggle to compete.
Student 3 (Favour): Trade with China can provide India with machinery, electronic goods, industrial inputs and other products needed for production. Trade can also create export opportunities for Indian firms.
Student 4 (Against):

India imports much more from China than it exports to China. This creates a large trade deficit and may increase dependence on Chinese products.

Student 5 (Favour): Trade with Pakistan can also benefit producers and consumers if both countries exchange goods in which they have an advantage. It can also improve economic relations.
Student 6 (Against): However, political tensions and security concerns can affect trade between India and Pakistan. Therefore, trade cannot be considered only from an economic perspective.

Free trade can bring benefits such as greater choice, lower prices, access to technology and larger markets. However, India should also protect strategic interests, strengthen domestic manufacturing and avoid excessive dependence on imports. Therefore, India should pursue trade with China and Pakistan carefully, balancing economic and national interests.

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Chapter 8: Comparative Development Experiences of India and Its Neighbours - Exercise [Page 149]

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NCERT Economics Indian Economic Development [English] Class 12
Chapter 8 Comparative Development Experiences of India and Its Neighbours
Exercise | Q 1. | Page 149
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