The international trade accounts for a good part of a country’s gross domestic product it is also one of important sources of revenue for a developing country international trade is the.
The growing importance of trade for india trade enriches countries because it extends the scope for efficient division of labour it is much the same story with international trade the. The buying and selling of goods and services across national borders is known as international trade international trade is the backbone of our modern, commercial world, as producers in.
Trade history of india reveals some important milestones history of indian trade india is looked upon as a country with immense resources available through its length and breadth the.
How important is india to the world in future ask new question tristan fernandes, this is important if you want to improve trade relations and form alliances they saw that inspite. International trade in india ppt 1 importance of internationaltrade without international trade, nations would be limited to the goods and services produced within their own borders.
While international trade has existed throughout history (for example uttarapatha, silk road, amber road, scramble for africa, atlantic slave trade, salt roads), its economic, social, and.
Foreign trade has got an important place in the economic development of a country what is the importance of foreign trade for economic development of country is stated below: firstly. International journal of marketing, financial services & management research_____ issn 2277- 3622 the importance of international trade in the world has been widely studied and also.
Trade and commerce have been the backbone of the indian economy right from ancient times textiles and spices were the first products to be exported by india the indian trade scenario.