Question

"The composition of commodities in India's international trade has been undergoing a change over the years." Examine the statement with examples.

Answer 1

India's international commerce has moved over time from traditional agricultural items to increasingly diverse areas such as technology, medicines, and engineering goods. For example, the IT sector has grown in importance, as have pharmaceutical and technical exports such as vehicles and machinery. India's economic environment is shifting towards high-value and technology-driven exports.