"Advancement of international trade of a country is an index of its economic prosperity. "Justify the statement with five arguments.
Answers
1)International trade is important because the resources and goods belonging to one country are the requirements of other countries as well, because of which differences between conditions are created in International trade.
2)The Production of manufacturing goods and services has helped India to a great extend and a lot of improvements have also taken place only because of foreign trade , it has also helped in the economical growth of the country and raising the standard of the people by the huge contribution of international trade.
3)Limitation of resources leads to International trade without which the survival of a country would be very difficult.
4) The exchange of knowledge and information have been replaced by goods and commodities.
5)India has been earning a lot of foreign exchange by exporting to International trade, and it has also been prominent by its software giants at a very high international level.
It is a true statement that"Advancement of international trade of a country is an index of its economic prosperity. "