B Com Exam > B Com Videos > Indian Economy > Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy
Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy Video Lecture | Indian Economy - B Com
|
46 videos|48 docs|23 tests
|
FAQs on Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy Video Lecture - Indian Economy - B Com
| 1. What is the role of foreign trade in India? |  |
Ans. Foreign trade plays a crucial role in the Indian economy. It helps in promoting economic growth, employment generation, and enhancing the overall competitiveness of domestic industries. By engaging in international trade, India can access a wider market for its goods and services, which in turn leads to increased production and revenue. Additionally, foreign trade helps in attracting foreign direct investment (FDI), technology transfer, and fostering global relationships.
| 2. What are the sector-wise trends in foreign trade in India? | |
Ans. The sector-wise trends in foreign trade in India vary depending on the nature of the industries. Some of the prominent sectors contributing to India's foreign trade include textiles, pharmaceuticals, automobile, information technology, and agriculture. Over the years, there has been a shift towards higher value-added exports, with sectors like IT and pharmaceuticals experiencing significant growth. However, traditional sectors like textiles and agriculture continue to play a crucial role in India's foreign trade.
| 3. What are the issues faced in foreign trade in India? | |
Ans. Despite the benefits, foreign trade in India faces certain challenges and issues. Some of the common issues include trade deficits, inadequate infrastructure, complex regulations and bureaucracy, non-tariff barriers, and fluctuating exchange rates. These issues can hinder the growth and competitiveness of Indian industries in the global market. The government and relevant stakeholders constantly work towards addressing these issues through policy reforms and initiatives.
| 4. How does foreign trade impact the Indian economy? | |
Ans. Foreign trade has a significant impact on the Indian economy. It contributes to the gross domestic product (GDP), employment generation, and foreign exchange earnings. By importing essential goods and raw materials, India meets its domestic demand and supports various industries. On the other hand, exporting goods and services helps in earning foreign exchange, improving the balance of payments, and stimulating economic growth. Additionally, foreign trade fosters innovation, technological advancements, and enhances the competitiveness of Indian industries.
| 5. How does foreign trade benefit different sectors of the Indian economy? | |
Ans. Foreign trade benefits different sectors of the Indian economy in various ways. For instance, the textile sector relies heavily on exports to sustain its growth and create employment opportunities. The pharmaceutical sector benefits from access to international markets, allowing for increased exports of generic drugs. The automobile sector can import advanced technology and components, leading to improved product quality. Similarly, the agriculture sector can tap into global markets for export of agricultural products, contributing to farmer incomes and rural development. Overall, foreign trade provides opportunities for growth and development across multiple sectors in the Indian economy.
Related Exams
About this Video
|
4.67/5 Rating |
|
Nov 17, 2024 Last updated |
Video Description: Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy for B Com 2024 is part of Indian Economy preparation.
The notes and questions for Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy have been prepared according to the B Com exam syllabus.
Information about Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy.
Introduction of Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy in English is available as part of our Indian Economy for B Com & Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy in
Hindi for Indian Economy course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy Video Lecture | Indian Economy - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Indian Economy.
Information about Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy
Here you can find the meaning of Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy defined & explained in the simplest way possible.
Besides explaining types of Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy theory, EduRev gives you an ample number of questions to practice Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy tests,
examples and also practice B Com tests.
|
46 videos|48 docs|23 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Summary
,Sample Paper
,shortcuts and tricks
,MCQs
,Important questions
,Role & importance of foreign trade in India - Sector-wise Trends and Issues
,Semester Notes
,Indian Economy Video Lecture | Indian Economy - B Com
,ppt
,Objective type Questions
,mock tests for examination
,study material
,Free
,past year papers
,Indian Economy Video Lecture | Indian Economy - B Com
,practice quizzes
,Exam
,Indian Economy Video Lecture | Indian Economy - B Com
,video lectures
,Viva Questions
,Extra Questions
,Role & importance of foreign trade in India - Sector-wise Trends and Issues
,Previous Year Questions with Solutions
,Role & importance of foreign trade in India - Sector-wise Trends and Issues
;
Study Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy on the App
Students of B Com can study Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Role & importance of foreign trade in India - Sector-wise Trends and Issues, Indian Economy is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup