Podcast Beta
Questions and Answers
Explain the factors that have influenced changes in India's foreign trade over time.
The breakup of the Soviet Union, the impact of the First and Second World War, and the establishment of international institutions like IBRD (World Bank), IMF, and WTO have influenced changes in India's foreign trade over time.
What were the characteristics of India's foreign trade before independence?
Before independence, India was an agricultural economy specializing in the production of agricultural crops at low cost. The trade industry was governed and managed by the trade practices of the British Empire, with policies aimed at captivating British manufactures and projecting India as a cheap source of raw materials.
How has India's foreign trade with the rest of the world changed over time?
India's foreign trade with the rest of the world has shown changes from time to time with respect to value, volume, composition, and direction, influenced by various historical events and the establishment of international institutions.
What are the two parts in which Indian foreign trade can be divided for discussion?
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Which international institutions have influenced India's foreign trade?
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Match the following terms with their descriptions:
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Match the following with their influence on India's foreign trade:
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Match the following with their roles in India's foreign trade:
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Match the following with their primary focus:
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