INDIAS FOREIGN

TRADE

MADE BY-NIKITA SHARMA

INTRODUCTION
Domestic production may exceed
their domestic requirement. What
do we do with the surplus
production? Thus an obvious gains of
international trade is that it is
facilitates international
specialization. It is rightly observed
by Robertson that foreign trade is
an engine of economic growth.

WHAT IS FOREIGN TRADE ?

Trade between different countries
of the world is called foreign
trade.
There are two types of trade are:
Export
Import

INDIAS FOREIGN TRADE AT THE

TIME OF INDEPENDENCE
At the time of independence ,volume of India's
foreign trade was moderate .it was owing to
the fact that the Indian economy was
exploited by the British as a lucrative source
of raw material for their domestic industry
and as a lucrative market- destination foe
their industrial growth.

INDIAS FOREIGN TRADE AFTER

THE INDEPENDENCE
Under planned programmes of development,
India's foreign trade recorded