India has contributed significantly to the world of business. Describe any four contributions to support this statement.
Answers
Answer:
1. Foreign trade of goods
India is the 10th biggest economy in the world. India contributes about 4.7% in world trade. The export items of India are tea, pearls, precious stones, pharmaceutical products, rice, spices, iron-ore, and textile yarns. India is the biggest exporter of rice, tea, and ayurvedic items.
2. Foreign trade of services
The major export services of India are Software Engineering, medical and dental services, architectural services, and other engineering services.
3. Foreign trading partners
The trading partners of India are the United States of America, the United Kingdom, Belgium, Germany, Japan, China, the United Arab Emirates, Singapore, Switzerland, and Malaysia.
4. Foreign Investment
There is a huge increase in foreign investment from India. India's investment in foreign nations has increased recently. According to the Reserve Bank of India, the foreign investment from India is 1.69 billion US dollar in February 2019.
Explanation:
Answer:
1. Foreign trade of goods
India is the 10th biggest economy in the world. India contributes about 4.7% in world trade. The export items of India are tea, pearls, precious stones, pharmaceutical products, rice, spices, iron-ore, and textile yarns. India is the biggest exporter of rice, tea, and ayurvedic items.
2. Foreign trade of services
The major export services of India are Software Engineering, medical and dental services, architectural services, and other engineering services.
3. Foreign trading partners
The trading partners of India are the United States of America, the United Kingdom, Belgium, Germany, Japan, China, the United Arab Emirates, Singapore, Switzerland, and Malaysia.
4. Foreign Investment
There is a huge increase in foreign investment from India. India's investment in foreign nations has increased recently. According to the Reserve Bank of India, the foreign investment from India is 1.69 billion US dollar in February 2019.