Experts Pls answer this question - Economics - Unit IV- Comparative Development Experiences of India and its Neighbours

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Experts Pls answer this question

Mehak Garg · Accepted Answer

Dear Student,
The nature of India’s foreign trade has changed over the
years Though there has been an increase in the total volume of
import and export, the value of import continued to be higher than
that of exports
Analysis shows that After the first year plan ,there was almost 25
22% rise in total trade in second year plan and a little rise of
4-5% in the third year plan Overall every plan give some raise in
volume of trade
The table shows that the expansion was very fast after a decline in
6th plan The pattern of India’s foreign trade was completely
change as a result of economic development and industrialisation
during the planning period
The value of India’s imports has increased from 3651
in1951-56 to 13189647 in 2012-17, thus registering an about 3612 61
times increase
The value of India's exports has increased from 3109 in 1951-56 to
9001485 in 2012-17, thus registering an about 2895 30 times
increase
Regards

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