Question

How is exporting goods profitable?

Answer 1

ɪɴ ɪɴᴅɪᴀɴ ʀᴜᴘᴇᴇs ɪᴛ ᴄᴏsᴛs ᴏɴʟʏ ғᴇᴡ ʜᴜɴᴅʀᴇᴅ ᴛᴏ ᴛʜᴏᴜsᴀɴᴅ ʀᴜᴘᴇᴇs. ᴇxᴘᴏʀᴛɪɴɢ sᴜᴄʜ ɪᴛᴇᴍs ʜᴀᴠᴇ ʜᴜɢᴇ ᴍᴀʀɢɪɴ ᴏғ ᴘʀᴏғɪᴛ ᴀs ᴛʜᴇʏ ᴀʀᴇ ɪɴ ʜᴜɢᴇ ᴅᴇᴍᴀɴᴅ ɪɴ ғᴏʀᴇɪɢɴ ᴄᴏᴜɴᴛʀɪᴇs. ... ᴛʜᴇ ᴀᴅᴠᴀɴᴛᴀɢᴇ ᴏғ ᴇxᴘᴏʀᴛɪɴɢ sᴜᴄʜ ᴘʀᴏᴅᴜᴄᴛ ɪs ᴛʜᴀᴛ ɪᴛ ᴅᴏᴇsɴ'ᴛ ʀᴇϙᴜɪʀᴇs ʜᴜɢᴇ ɪɴᴠᴇsᴛᴍᴇɴᴛ ʙᴜᴛ ᴏɴʟʏ ᴀ ᴠᴇʀʏ sᴍᴀʟʟ ɪɴᴠᴇsᴛᴍᴇɴᴛ ᴀɴᴅ sᴏᴍᴇ ɢᴏᴏᴅ ɴᴇᴛᴡᴏʀᴋs ᴡɪᴛʜ ʟᴏᴄᴀʟ ᴀʀᴛɪsᴀɴs.

Answer 2

Answer:

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In Indian rupees it costs only few hundred to thousand rupees. Exporting such items have huge margin of profit as they are in huge demand in foreign countries. ... The advantage of exporting such product is that it doesn't requires huge investment but only a very small investment and some good networks with local artisans.

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