Question

why international trade is considered as economic barometer for a country?

Answer 1

* Advancement of international trade of a country leads to economic prosperity

* Income earned from international trade constitues a major part of the nation's net        national income 

* large international trade leads to revival of domestic economy

Answer 2

International trade is considered as a barometer of economic progress of the country as it indicates the share of a country in world trade. It also leads to inflow of foreign exchange and capital investments in the country and contributes to infrastructural growth. Significantly, it is an indicator of the role of the country's economy in a globalised world trade scenario.