Write a short note on : India's location and international trade.
Answers
Explanation:
India is located in Southern Asia, bordering Bangladesh, Bhutan, China, Myanmar, Nepal, Pakistan, the Arabian Sea and the Bay of Bengal. Since its liberalisation in 1990s, the country has experienced a rapid economic development and become one of emerging economies. It stands third in purchasing power parity in the world making it one of the largest importers of goods and services. India's key exports are engineering goods, petroleum products, gems and jewelry, agriculture products and textiles. It is also a major exporter of information technology and business outsourcing services. India major imports are petroleum products, gold and silver, electronic goods and precious stones. India’s major trading partners are China, the UAE, Singapore and the US. India is a member of the Asia-Pacific Trade Agreement (APTA), the South Asian Association for Regional Cooperation (SAARC) and the World Trade Organization (WTO).
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