Question

India position in foreign trade compare to other countries

Answer 1

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Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry....

The Foreign trade accounted for 48.8% of India's GDP in 2017.

Explanation:

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Answer 2

During this period, Britain held the monopoly of over India's imports and exports. Therefore, most of the foreign trade was restricted only to Britain and other was while the rest half was allowed to trade with other countries like Ceylon (Sri Lanka), China, and Persia