What are the key factors that have contributed to the growth of India's international trade?

Key factors include growth in manufacturing sectors, liberal government policies, and diversification of markets.

Fill in the blank: In 1950-51, India's external trade was valued at Rs. ___ crore.

1,214

True or False: The total volume of imports in India consistently exceeds the volume of exports.

True

What was the value of India's external trade by the year 2020-21?

Rs. 77,19,796 crore

Fill in the blank: Despite the increase in trade volume, imports consistently exceed exports in ___.

Value

The share of crude petroleum and petroleum products in India's exports has ___ from 2015-2022.

Increased

True or False: The manufacturing sector contributed 67.8% to India's total export value in 2021-22.

True

What has happened to the exports of traditional agricultural products like cashew from India in recent years?

Exports have declined due to intense international competition.

Fill in the blank: The share of ores and minerals in India's exports has remained largely ___.

Constant

Which two regions are identified as major competitors in India's manufacturing sector?

China and other East Asian countries.

True or False: The export share of floricultural products has decreased in recent years.

False. The export share of floricultural products has increased.

The sector that contributes significantly to India's foreign trade is ___ and ___.

Gems and jewellery

What was the trend in the export share of manufactured goods from 2015 to 2022?

The export share of manufactured goods has declined.

Fill in the blank: In 2021-22, ___ goods experienced significant growth within India's manufacturing sector.

Engineering

What are the key commodities that have seen an increase in export share for India during 2015-2022?

Crude petroleum, petroleum products, and other commodities.

Fill in the blank: India faced significant food shortages in the 1950s and 1960s, leading to heavy imports of food grains, capital goods, and ___.

Machinery

True or False: After the 1970s, India's food grain imports continued to rise due to ongoing shortages.

False. Food grain imports ceased after the 1970s following the success of the Green Revolution.

What were the main components of India's import basket as of the recent data?

Machinery and equipment, special steel, edible oil, and chemicals.

Fill in the blank: The 1973 energy crisis led to rising petroleum prices, which increased the import costs of ___.

Petroleum

Short Answer: What has been the trend regarding food imports in India in recent years?

Food imports have declined significantly.

True or False: The decline in capital goods imports indicates a decrease in industrial activity in India.

False. The decline in capital goods imports reflects a shift in India's import composition rather than a decrease in industrial activity.

Fill in the blank: Rising petroleum imports in India are reflective of industrialization and improved ___ standards.

Living

What is one major shift in India's import composition post-1970?

The replacement of food grain imports with fertilizers and petroleum.