Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
India's international trade has significantly evolved, with a notable increase in trade volume and changes in composition over the years. The balance of trade is characterized by higher imports than exports, despite the challenges faced in traditional sectors. Various factors, including government policies and global competition, drive these changes.
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Sections
References
NCERT Study MaterialClass Notes
Memorization
What we have learnt
- India's contribution to glo...
- The composition of exports ...
- India's import basket is do...
Final Test
Revision Tests
What we have learnt
- India's contribution to global trade is about 1%, yet it plays a crucial role in the world economy.
- The composition of exports has shifted, with manufactured goods forming a significant portion, while traditional agricultural exports have seen a decline.
- India's import basket is dominated by fuels, capital goods, and edible oils, showcasing the country's ongoing industrialization and demand challenges.
Key Concepts
-
Term: International Trade
Definition: Exchange of goods and services across international borders between countries.
-
Term: Balance of Trade
Definition: The difference between the value of a country's exports and imports.
-
Term: Hinterland
Definition: The area surrounding a port that is economically linked to the port.
-
Term: Trade Composition
Definition: The breakdown of various categories of goods and services that a country exports or imports.