Practicing Success
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.
|
The share of agriculture and allied products has declined The shares of petroleum and crude products and other commodities have increased. The shares of ore minerals and manufactured goods have largely remained constant All of the above |
All of the above |
The composition of commodities in India’s international trade has been undergoing a change over the years. The share of agriculture and allied products has declined, whereas, shares of petroleum and crude products and other commodities have increased. The shares of ore minerals and manufactured goods have largely remained constant over the years from 2009-10 to 2010-11and 2015-16 to 2016-17. |