International Trade
Odisha Board · Class 12 · Geography
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See them allWhat was the value of India's external trade in 1950-51 and 2020-21? Calculate the approximate growth rate.
Answer
1950-51: Rs. 1,214 crore; 2020-21: Rs. 77,19,796 crore. Growth rate = approximately 6,360 times increase or 636,000% growth over 70 years. This massive growth reflects India's economic liberalization …
What is a trade balance? How has India's trade balance been performing?
Answer
Trade balance = Exports - Imports. India consistently has a negative trade balance (trade deficit), meaning imports exceed exports. In 2021-22, trade deficit was Rs. 14,25,753 crore, showing India imp…
What are the main categories of India's exports and their approximate shares in 2021-22?
Answer
Manufacturing goods: 67.8% (largest share), Crude petroleum products: 16.4%, Agriculture and allied products: 11.9%, Ore and minerals: 2.0%, Other commodities: 1.9%. Manufacturing dominates India's ex…
Why did India's import pattern change from foodgrains to petroleum after the 1970s?
Answer
Green Revolution made India self-sufficient in foodgrains by 1970s, eliminating foodgrain imports. However, the 1973 energy crisis increased petroleum prices, and growing industrialization increased p…
What are the major items in India's import basket in 2021-22?
Answer
Petroleum, oil and lubricants (Rs. 12,07,803 crore - highest), Non-ferrous metals (Rs. 4,99,766 crore), Chemical products (Rs. 3,08,882 crore), Pearls and precious stones (Rs. 2,31,279 crore), Edible …
Which region dominates India's import trade and what was its value in 2021-22?
Answer
Asia and ASEAN region dominates with imports worth Rs. 29,18,577 crore in 2021-22, followed by Europe (Rs. 6,40,577 crore), North America (Rs. 3,78,041 crore), Africa (Rs. 3,68,156 crore), and Latin A…
What is a hinterland in the context of ports?
Answer
A hinterland is the inland area served by a port - the region from which the port draws its cargo and to which it distributes imported goods. Hinterlands can overlap between ports and are not fixed bo…
Why does India's west coast have more ports than its east coast?
Answer
West coast has more ports due to: better natural harbours, less siltation problems, closer to major trade routes (Middle East, Europe), more stable coastline, and historical development during British…
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