Question

Structure of india foreign trade composition and direction

Answer 1

Composition of trade means a study of the goods and services of imports and exports of a country. In other words, it tells about the commodities of imports and the commodities of exports of a country. Therefore it indicates the structure and level of economic development of a country. Developing countries export raw materials, agricultural products and intermediate goods; developed countries export finished goods, machines, equipments and technique.

 

Direction of trade means a study of the countries to whom the exports are made and from whom the imports are made.