Question

write a note on the changinh nature of international trade in the last 15 years (120 words)

Answer 1

International trade is defined as the exchange of goods and services between two or more nations. International trade has experienced a huge change in the past 15 years. Along with the exchange of goods and services exchange of knowledge has superseded our nation. India has emerged as a software giant at the international level and it is earning huge foreign exchange through the export of information technology. Economic prosperity of a country is evaluated on the basis of the advancement of international trade of the nation. It is therefore, considered the economic barometer for a country. Income from International trade constitutes a huge share in the economic development.