Question

Q3) Define the term "export" and "import"? Mention five items that India export
and import.​

Answer 1

Answer:

Imports are the goods and services that are purchased from the rest of the world by a country's residents, rather than buying domestically produced items. ... Exports are goods and services that are produced domestically, but then sold to customers residing in other countries.

Ex- Petroleum products, Mineral fuels including oil, Gems, precious metals, Machinery including computers, Organic, Electrical machinery, equipment, chemicals, iron, steel, and Pharmaceuticals products.

Explanation:

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