Essay on- India is going to be an International IT and Business hub.
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International trade is the exchange of services goods and capital among various countries and regions, without much hindrance. It accounts for a good part of country’s gross domestic product. International trade is also one of the important sources of revenue for a developing country.International trade is growing and spreading very fast with the help of modern production techniques. Highly advanced transportation systems and outsourcing of manufacturing and services are being helpful in the process.
Advantages of International Trade are as follows:
1. Availability of all types of goods i.e. it enables a country to obtain goods which it cannot produce.
2. It helps in large scale production; production is done not only for home consumption but also for exports to other countries also. The goods can be dispose which are surplus in the foreign markets by countries, which leads to large scale of production.
3. Both raw materials and manufactured goods are been sold to foreign countries by India. It has not only increase in volume and value but the changes in its direction have also taken place.
4. Natural calamities such as drought, floods, earthquakes etc affect the production of our country adversely, at such times deficiency in goods can be met by other countries. Such a trade provides so many jobs to workers as well as business to traders. I hope it was helpful and if it was please mark it as brainlist ❤️
Advantages of International Trade are as follows:
1. Availability of all types of goods i.e. it enables a country to obtain goods which it cannot produce.
2. It helps in large scale production; production is done not only for home consumption but also for exports to other countries also. The goods can be dispose which are surplus in the foreign markets by countries, which leads to large scale of production.
3. Both raw materials and manufactured goods are been sold to foreign countries by India. It has not only increase in volume and value but the changes in its direction have also taken place.
4. Natural calamities such as drought, floods, earthquakes etc affect the production of our country adversely, at such times deficiency in goods can be met by other countries. Such a trade provides so many jobs to workers as well as business to traders. I hope it was helpful and if it was please mark it as brainlist ❤️
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