Question

What was the contribution of the Indian businessmen and traders abroad ?

Answer 1

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India is currently the tenth biggest economy on the planet and the quickest developing economy next just to China. 

Indian export and import showcase there is a major economic achievement need for the nation. 

India’s export and contribution to world business have expanded from 606 crores in 1950-51 to 293367 crore in 2003-2004. 

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Answer 2

India is currently the tenth biggest economy on the planet and the quickest developing economy next just to China. Be that as it may, India’s contribution to the global business isn’t that noteworthy. India’s share in world exchange 2003 was only 0.8% when contrasted with other developing nations like China (5.9%). Hong-Kong (3.0%), Thailand (1.1%), Singapore (1.9%). India likewise falls behind in the sector of foreign investment in world business as well.

Indian export and import showcase there is a major economic achievement need for the nation. India represents only 0.8% of world exports. Owing to the faster growth attained at the external front, share of foreign trade in the country’s Gross Domestic Product (GDP) has significantly expanded from 14.6% in 1990-1991 to 24.1% in 2003-2004.