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| 1. |
With the help of data give an idea about India’s balance of trade since 1991. |
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Answer» The following data table shows India’s foreign trade in 1991-92,1998-99 and 2014-15. India’s foreign trade after 1991 (in million US $)
Source: Economic Survey of India, 2015-16 As can be seen in table, although India’s foreign trade has increased over years but India’s exports have never exceeded its imports. Hence, our balance of trade has always remained negative. |
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