Economy, asked by jasmeet12335, 1 year ago

discuss the size of foreign trade in India​

Answers

Answered by paarthbajaj23
0

Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry.Foreign trade accounted for 48.8% of India's GDP in 2015.

Trade in services.

India was the eighth largest exporter of commercial services in the world in 2016, accounting for 3.4% of global trade in services. India recorded a 5.7% growth in services trade in 2016-17.

Exports and Imports.

Main article: List of exports of India

India exports approximately 7500 commodities to about 190 countries, and imports around 6000 commodities from 140 countries.India exported US$318.2 billion and imported $462.9 billion worth of commodities in 2014.

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