Question

which significant change has occurred in India's foreign trade after 2005?
A) Size of trade and rank is rise.
B) Size of trade increase but rank fallen.
C) Indian's balance payment recorded deficits.
D) Share in traditional export increase ​

Answer 1

Answer:

Since 2004-2005, the share of agriculture and allied products, ores and minerals, chemical engineering goods has been increasing. (ii) Exchange of commodities and goods have been superseded by the exchange of information and knowledge. (iii) India has emerged as a software giant at international level.

A)Size of trade and rank is rise.

Answer 2

Significant change has occurred in India's foreign trade after 2005 is size of trade and rank is rise.

Let us understand the foreign trade : Foreign Trade is the exchange of goods and services between two countries in the international market. It helps in the availability of raw material/finished product in a country that either does not have it or has it in scarcity.

Why is India good for international trade?

India today presents a great investment destination to any international business, thanks to its large economy, huge consumer market, and abundant skills and talent. So, significant change has occurred in India's foreign trade after 2005 is size of trade and rank is rise.

For more such type of foreign trade  questions:

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