What was the reason for India's favourable trade
Answers
India 's geographical location is favourable to international trade and commerce because it has a coast of7,517 km. India lies midway between the Far East and the Middle East. The Trans-Indian Ocean routes connecting the industrially developed countries of Europe in the west and the underdeveloped countries of east Asia pass close by. India being centrally located in South Asia, she enjoys an advantageous-position for doing trade with Australia and the countries of Africa, the Middle East and the Far East. Thus, India dominates the Indian Ocean and commands an import.
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It began exporting to britain large quantities of raw materials but the involvement of britain in the war restricted its export to India , adequate quantities of goods in return , such unrequited exports gave rise to sterling balances which were the features of India's foreign trade that helped the growth of a favourable trade balance in 1946 .