International Trade is mutually beneficial as no country is self-sufficient. India’s international trade has undergone a sea change in recent years in terms of volume, composition as well as direction. Although India’s contribution to world trade is as low as one per cent of the total volume, yet it plays a significant role in the world economy.

Which of the following is not a major item of import at the time after the independence of India?

Nuclear fuel.

India faced serious food shortages during the 1950s and 1960s. The major item of import at that time was food grain, capital goods, machinery and equipment. The balance of payment was adverse as imports were more than export in spite of all the efforts of import substitution.