" International trade has undergone a sea change in the last 15 years." Explain. Plz
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Answered by
98
The changing nature of the international trade for India, in the last fifteen years, has been impressive.
Exchange of information and knowledge has surpassed exchange of goods and commodities.
Through its advanced software knowledge and excellence in the field of information technology, India has emerged as a viable contender at the international level and is earning huge amounts of foreign exchange through the same.
Tourism too has added to India’s upgraded position in international trade. In 2004, there was a 23.5% increase in foreign tourist arrivals as against the number in 2003.
Thus, international trade for India has undergone a cognisable change in the past fifteen years.
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Exchange of information and knowledge has surpassed exchange of goods and commodities.
Through its advanced software knowledge and excellence in the field of information technology, India has emerged as a viable contender at the international level and is earning huge amounts of foreign exchange through the same.
Tourism too has added to India’s upgraded position in international trade. In 2004, there was a 23.5% increase in foreign tourist arrivals as against the number in 2003.
Thus, international trade for India has undergone a cognisable change in the past fifteen years.
Hope u got
Plzzz mark as brainlest
Answered by
47
India has trading relations with all the major powers of the world. In the last fifteen years, the trade of India with foreign nations has developed immensely. Exchange of commodities and goods have been replaced by the exchange of knowledge and information. Through its modern software expertise and perfection in the information technology sector field of India has appeared as a strong contender at the global level. As a result of this, the earning foreign exchange has developed.
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