Practicing Success

Target Exam

CUET

Subject

Geography

Chapter

India-People and Economy: International Trade

Question:

Which of the following factor is responsible for a sharp rise in India's overseas trade since the 1950s?

Options:

The momentum picked up by the manufacturing sectors.

The liberal policies of the government.

The diversification of markets.

All of the above.

Correct Answer:

All of the above.

Explanation:

Let us examine the changing pattern of India’s International trade. In 1950-51, India’s external trade was worth Rs.1,214 crore, which rose to Rs. 44,29,762 crore in 2016-17. Can you calculate the percentage growth in 2016- 17 over 1950-51? There are numerous reasons for this sharp rise in overseas trade, such as the momentum picked up by the manufacturing sectors, the liberal policies of the government and the diversification of markets.