International Trade in Fundamentals of Human Geography

What is the main reason behind India's sharp rise in overseas trade?

Which sector played a significant role in the momentum of India's manufacturing sectors?

In 2016-17, India's external trade was worth Rs. ___ crore.

Which statement accurately describes the volume of India's contribution to world trade?

What was the value of India's external trade in 1950-51?

During 2012-13 to 2016-17, what was the trend observed in the value of India's imports compared to exports?

What was the major item of import for India during the 1950s and 1960s?

What contributed a larger share to India's foreign trade according to the text?

What was the reason for India discontinuing foodgrain imports after the 1970s?

Which sector accounted for 73.6% of India's total value of export in 2016-17?

Why did the share of agriculture and allied products decline in India's international trade over the years?

What was a significant growth sector in India's export according to the information provided?

India's Overseas Trade Growth

Sharp rise in overseas trade primarily attributed to economic reforms and globalization, enhancing trade policies and market accessibility.
Manufacturing sector played a crucial role in driving momentum, contributing significantly to India's economic expansion.

Trade Value Milestones

In 2016-17, India's external trade reached Rs. 28,44,157 crore, marking a substantial increase in trade activities.
The value of India's external trade was only Rs. 2,230 crore in 1950-51, indicating significant growth over the decades.

Contribution to World Trade

India’s contribution to world trade is relatively modest, accounting for approximately 1.7% of global trade volumes.

Import-Export Trends

Between 2012-13 and 2016-17, imports consistently exceeded exports, reflecting a growing demand for foreign goods.
The major item of import during the 1950s and 1960s was machinery, which marked the need for industrialization.

Changes in Trade Composition

Manufacturing and engineering goods contributed a larger share to India's foreign trade compared to agricultural products.
The share of agriculture and allied products in international trade declined due to increased manufacturing focus and productivity improvements.

Food Security Measures

India discontinued foodgrain imports after the 1970s due to self-sufficiency achieved in agricultural production, particularly after the Green Revolution.

Export Composition

The manufacturing sector accounted for 73.6% of India's total export value in 2016-17, indicating a robust industrial sector.
A significant growth sector in India’s export landscape is the information technology and services industry, which has seen remarkable advancements and global demand.

Explore the changing patterns of India's international trade and its significance in the global economy based on the book Fundamentals of Human Geography. Learn about the evolution of India's trade volume, composition, and direction over the years.