Question

What do you mean by composition of trade explain indian composition of trade?

Answer 1

Composition of foreignIndian foreign trade means major commodity or sectors in which India is doing export and import. India is a very old participant in world trade. ... The percentage of non- traditional goods in total export has increased i.e, export of chemical and engineering goods have shown a good rise ...


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Answer 2

Composition of trade:

• Composition of trade means a study of the goods and services of imports and exports of a country.
• In Indian context, the precious gems, gold and crude oil comprises the majority of imports of the country and jewelry, fabric, crude iron and foodcrops comprises the majority export of the 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.  

Learn more about trade:

Give information on the growing importance of the Regional Trade Blocs in International trade with special reference to the European Union (EU) and the Oil Producing and Exporting Countries (OPEC).

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Classify the trade taking place between following regions :

(A) Maharashtra and Punjab(B) India and Japan(C) Lasalgaon and Pune(D) China and Canada(E) India and European Union

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