8.2 - Changing Patterns of the Composition of India’s Import
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Practice Questions
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What is a trade deficit?
💡 Hint: Think about what happens when you buy more than you sell.
Name one major item India imports.
💡 Hint: Consider India's energy needs.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What was the value of India's imports in 2021-22?
💡 Hint: Remember the numbers related to trade in the section.
Is it true that India has a trade surplus?
💡 Hint: Look back at the definitions of trade surplus and deficit.
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Challenge Problems
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If India aims to double its share in international trade in the next five years, what strategies could be employed to enhance exports? Discuss the potential impacts.
💡 Hint: Consider factors like innovation, government policy, and market access.
Evaluate the effects of the rising import of petroleum on the Indian economy.
💡 Hint: Think about the correlation between energy needs and economic growth.
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