why are ports called as the gateways of world trade?
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India’s trade with foreign countries is carried from the ports located along the coast. 95 per cent of the country’s trade volume (68 per cent in terms of value) is moved by sea. Thus, it can be inferred that ports are the gateways of world trade
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Reason for Ports called as the gateways of world trade:
- The word Port has been taken from a Latin word ‘porta’ means Gateway.
- This word is used because Port is a place near the coast from where things come from outside known as import and many things are sent to other countries known as Export.
- The cheapest means of goods to transfer from country to country is a port and so these are widely used all over.
- The facilities available at Ports are Docking, loading and unloading for cargo.
- 95% of particular country trade is moved by sea.
- Port act as a point of entry of goods which was received from foreign countries.
Learn more about Ports
Explain the role of ports and airway in the Indian economy
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