Question

the international trade of india ​

Answer 1

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International trade is the measure of the health of a country’s economy and has two components. The goods purchased from other countries are called imports while the goods sold to other countries are called exports. The difference between the exports and imports of a country is called its balance of trade.

The main categories of products imported into India are petroleum and petroleum products, pearls and gemstones, inorganic chemicals, coal, coke and briquettes and machinery. The bulk imports group accounts for around 39% of the total imports by India and includes fertilisers, cereals, edible oils and newsprint. India is a leading software producing country and generates large amounts of foreign exchange through the export of information technology.

Tourism is an important form of international trade. The Indian tourism industry employs around 15 million people to take care of around 2.6 million foreign tourists who visit India every year. Foreign tourists visit India for heritage tourism, eco-tourism, adventure tourism, cultural tourism, medical tourism and business tourism.