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| 1. |
Why the transport and communication are called the lifelines of economic countries |
| Answer» Ans: (i) The means of transportation and communication are called the lifelines of a nation and its economy because they are the pre-requisites for the development of a country. They help to develop active links between different regions. This facilitates the transportation of goods and services from production units to the demand locales.ii) International trade has undergone a vast change in the last fifteen years: a) The exchange of information and knowledge has surpassed the exchange of goods and commodities. b) India has emerged as a software giant at the international level and is earning huge amounts of foreign exchange through its advanced software knowledge and excellence in the field of information technology. c) Tourism has also played a big role in improving India\'s position in international trade. Tourism in India has grown substantially over the last three decades. d) The commodities imported by India (included petroleum and petroleum products, pearls and precious stones, inorganic chemicals, coal and coke, and machinery etc.) are possible to be imported only due to transportation. | |