Question

Write short note on India’s imports and exports.

Answer 1

1. Importing is when a country receives goods, services or raw materials across its borders that are produced or originated in another country.
2. When planning started in 1951, the import of industrial goods and raw material required for production increased, India’s imports included machines, iron, mineral oil, fertilisers, medicines, etc.
3. Exporting is when a country sends goods, services or raw materials produced in their country to another country.
4. India also gave impetus to exports after independence in order to gain valuable foreign exchange. India’s exports included tea, coffee, spices, cotton textiles, leather, footwear, pearls, precious stones, etc.