Question

3. Answer the following questions in about 120 words.
(i) Why are the means of transportation and communication called the lifelines
of a nation and its economy?
(ii) Write a note on the changing nature of the international trade in the last
fifteen years.



please answer guys....​

Answer 1

Explanation:

Ans (i) The means of transportation and communication are called the lifelines of a nation and its economy because they are the pre-requisites for the development of a country. They help to develop active links between different regions. This facilitates transportation of goods and services from production units to the demand locales. Fast-developing communication channels between different countries of the world has given rise to the Globalisation. Today, India is well-linked with the rest of the world which has been possible only due to transport and communication. Railways, airways, waterways, television, radio, newspapers, internet, etc., have contributed vastly to the socio-economic progress of our country. They have also added substantially to growing amenities and facilities improving our lifestyles.

Ans (ii) International trade has undergone a vast change in the last fifteen years:

Exchange of information and knowledge has surpassed the exchange of goods and commodities.

India has emerged as a software giant at the international level and is earning huge amounts of foreign exchange through its advanced software knowledge and excellence in the field of information technology.

Tourism has also played a big role in improving India's position in international trade. Tourism in India has grown substantially over the last three decades.

The commodities imported by India included petroleum and petroleum products (41.87%), pearls and precious stones (29.26%), inorganic chemicals (29.39%), coal, coke and briquettes (94.17%) machinery (12.56%).

Bulk imports as a group registered a growth accounting for 39.09% of total imports. This group includes fertilisers (67.01%), cereals (25.53%), edible oils (7.94%) and newsprint (5.51%).

Hope it's helpful

please mark me branlist