The internal trade of India. Explain the following concept
Answers
If one company in India trades with another company, this trade is considered to be an internal trade.
Meaning if there is any form of business among companies of India, then it would be considered as internal trade.
And external trade is something that occurs between India and any other country.
International trade is also a name given to such kind of trade.
In internal trade, the production and demand both happen for and in India.
(1) Internal trade implies trade taking place within the country.
(2) This trade takes place via railways, waterways, road and air transport.
(3) Mumbai, Kolkata, Cochin and Chennai are important parts for the internal trade.
(4) Commodities like coal, cotton, cotton textiles, rice, wheat, oil seeds, salt, sugar, raw jute, iron and steel are included in the internal trade.