write a note on the changing nature of the international trade in the last fifteen year
Answers
The changing nature of the international trade for India, in the last fifteen years, has been impressive.
Exchange of information and knowledge has surpassed exchange of goods and commodities.
Through its advanced software knowledge and excellence in the field of information technology, India has emerged as a viable contender at the international level and is earning huge amounts of foreign exchange through the same.
Tourism too has added to India’s upgraded position in international trade. In 2004, there was a 23.5% increase in foreign tourist arrivals as against the number in 2003.
Thus, international trade for India has undergone a cognisable change in the past fifteen years.
Answer:
International trade is nothing but the trade carried out between two nations.
International trade is carried out through land, air or sea.
Economic barometer of a country is its international trade.
An index to the economic prosperity of a nation is its international trade.
In the last fifteen years, International trade has undergone a sea of change.
The exchange of information and knowledge has superseded the exchange of commodities and goods.
Through the export of information technology, India is earning large foreign exchange
Explanation:
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