the internal trade of India . write short naote
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Trade refers to buying and selling of goods and services with the objective of earning profit. ... Trade which takes place within a country is called internal trade. Trade between two or more countries, on the other hand, is called external trade.
India's internal trade/GDP ratio of 54% leaves out agricultural goods, which are also massively transported across India. So 54% is a gross under-estimate. Even this underestimate implies that India's internal trade is 1.7 times its foreign trade. That compares well with other countries at the same economic stage.
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