Q3) Define the term "export" and "import"? Mention five items that India export
and import.
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3
Answers
Answer:
Exports are the goods and services produced in one country and purchased by residents of another country. ... Exports are one component of international trade. The other component is imports. They are the goods and services bought by a country's residents that are produced in a foreign country.
Answer:
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Step-by-step explanation:
An import in the receiving country is an export from the sending country. Importation and exportation are the defining financial transactions of international trade. ... The importing and exporting jurisdictions may impose a tariff (tax) on the goods.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Exports are the goods and services produced in one country and purchased by residents of another country. ... Exports are one component of international trade. The other component is imports. They are the goods and services bought by a country's residents that are produced in a foreign country.
================================================================= India's major exports included petroleum products, gems and jewelry, and drug formulations. Additionally, the value of the various types of machinery India exported was valued at over 29 billion U.S. dollars. Other major exports include spices, tea, coffee, tobacco in agriculture, along with iron and steel
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India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic