Question

state any five characteristic of India international trade​

Answer 1

Answer:

India exports agriculture and allied products ores and minerals gems and jewellery chemical and allied products engineering goods and petroleum products. iii The commodities imported to India include petroleum and petroleum products pearls and precious stones inorganic chemicals coke and briquettes and machinery.

Answer 2

Answer:

In the age of globalization, international trade is very important for an

economy. India’s international trade has the following characteristics:

(i) It has not only increased in volume and value but the changes have also

taken place in its direction. We are now no longer tied to the one side trade

relations with Great Britain and other commonwealth countries as was the

position before the attainment of independence.

(ii) India now exports both the raw materials and the manufactured goods to

foreign countries. The main exports include manufactured goods, agricultural

and allied products, crude and petroleum products, and ores and minerals.

(iii) India imports petroleum and petroleum products; pearls and precious

stones, gold and silver, etc.

(iv) India has emerged as a software giant at the international level and is

earning a huge amount of foreign exchange through the export of information  technology.

(v) India has trade relations with all the major trading blocks and all

geographical regions of that world.

Explanation:

If the answer is for 3 marks, then you can write the shortened answer(5points) or any 3 points. While for 5 marks you have to write full answer.