• So they have to buy things which they cannot produce • What does india exports and imports? MEANING OF FOREIGN TRADE
• Foreign trade is exchange of capital,
goods, and services across international borders or territories. In most countries, it represents a significant share of gross domestic product (GDP). COMPOSITION OF FOREIGN TRADE EXPORT OF PRINCIPLE COMMODITIES COMMODITY WISE COMPOSITION OF INDIA'S IMPORTS • Agricultural Imports • Petroleum oil and Lubricants (POL) • Pearls and Precious Stones • Chemicals, drugs and medicines • Fertilizers • Machinery • Metals CONCLUSION