How trade and industry plays a vital role in commerce?
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The Indian ports and shipping industry plays a vital role in sustaining growth in the country's trade and commerce. India is the sixteenth largest maritime country in the world, with a coastline of about 7,517 km. The Indian Government plays an important role in supporting the ports sector.
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The way trade and industry plays a vital role in commerce is as follows:
- In ancient time, to shape India as a major actor of economic world, a vital role is played by trade and industry.
- In ancient India, economy was carried by land and water.
- Fast productivity, improvement and innovation in product, opportunities and high income are pillar of trade and industry which plays a vital role in commerce.
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