Question

Distinguish between Exports and Imports.

Answer 1

Sr. No.	Exports	Imports
1.	Goods and services sold for foreign currency.	Goods and services bought from overseas producers.
2.	Major exports of India are tea, ores, and minerals, marine products, textiles, etc.	Major imports are petroleum products, gold, telecom instruments.
3.	Value of exports is more than the value of imports favorable balance of trade.	Value of imports exceeds the value of exports unfavorable balance of trade.
4.	India exports goods to nearly 190 countries of the world.	Imports we get from nearly 140 countries.