Question

what are the items of India's imports ? what makes india to emerge as asoftware giant at the international level​

Answer 1

India main imports are: mineral fuels, oils and waxes and bituminous substances (27 percent of total imports); pearls, precious and semi-precious stones and jewelry (14 percent); electrical machinery and equipment (10 percent); nuclear reactors, boilers, machinery and mechanical appliances (8 percent); and organic chemicals (4 percent). India’s major import partners are: China (16 percent of total imports), the United States (6 percent), United Arab Emirates (6 percent), Saudi Arabia (5 percent) and Switzerland (5 percent).

India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology. TOURISM AS A TRADE: (a) Tourism in India has grown largely over the last three decades.

This statement is true because:-

(i) as the resources are limited no country can survive without International trade.

(ii) goods or resources possessed by one country are required by other and vice-versa. These differences create conditions for international trade.

(iii) foreign trade has helped India to improve its productivity of manufactured goods. International trade contributes to India’s economic growth, raising income level of people.

(iv) in the recent years, exchange of commodities and goods have been superseded by the exchange of information and knowledge.

(v) India has emerged as a software giant at the international level and it is earning large foreign exchange through the export of information technology.

Thus, it can be concluded that advancement of international trade of a country is an index of its economic property.

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Answer 2

Explanation:

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