india trade increased greatly during the --------- period
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Indian exports have come a long way in value terms from the time of gaining independence in 1947. The total value of India's merchandise exports increased from US $ 1.3 billion in 1950-51 to US $ 63.8 billion in 2003-04 – a compound rate of 7.6 per cent. Trade growth has picked up post liberalization of 1991.
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