What does India’s rising imports and rising exports mean? – InterviewSolution

1.	What does India’s rising imports and rising exports mean?
Answer» Rising imports is a sign that India is developing and so it is demanding more and more goods. Rising exports means India is able to produce exportable surplus of desirable quality and sell it at competitive prices in the world market. Size, Nature and Direction of India’s Foreign Trade

Discussion

No Comment Found

Related InterviewSolutions

Which of the following is not a factor that influences Balance of Payments?(A) Exchange rate(B) Inevitable imports(C) Political development of the nation(D) Prices of tradable good in home country and foreign country
What is the share of developing economies in world exports in the year 2011?(A) 34%(B) 50%(C) 47%(D) 65%
How much was the share of Europe in India’s merchandise imports and exports in the year 2014-15.
How has our pattern of export changed over years?
Discuss in detail the change in import-export structure after 1991 .
Magnitude of World Trade in Present Times.
Why would a person or a country need foreign currency? Also, state the need of currency conversion.
What happens in balance of payments payments?
What is recorded in current account of balance of payments?
What is Unbalanced Balance of Payments? State its types.