How has international trade of India undergone a change in last fifteen years? Explain by giving five side points
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In 2004, there was a 23.5% increase in foreign tourist arrivals as against the number in 2003. Thus, international trade for India has undergone a cognisable change in the past fifteen years. Answer, International trade has undergone a sea change in last fifteen years.
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There have nedd many international trade changes that have taken place since the past 15 years in india.
Explanation:
- The exchange of goods and serves has been overcome by the spread of information and knowledge.
- India has emerged as a software giant at the international level. India is earning large foreign exchange and is exporting IT.
- India has maintained large relation with all major trading blocs and Indian commodities includes petroleum products as fertilizers, edible oil, and has registered a growth of 30% in imports.
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