3. IINNVVOOLLVVEESS AA LLOOTT OOFF TTHHIINNGGSS LLIIKKEE::
+ JOBS + CONSUMPTION
+ THE FIGHT AGAINST
POVERTY
+ NATURAL RESOURCES
+ FASHION
4. Some terms……
EXPORTS – Goods or merchandise that are sold to other
countries in order to earn dollars.
IMPORTS – Goods or merchandise bought
from foreign countries.
5. TRADE DEFICIT – Occurs when value of a nation’s export
is less than the value of its imports.
Exports < Imports
TRADE SURPLUS – occurs when value of nation’s export
is greater than the value of its imports.
Exports > Imports
9. 1. Backbone of the Indian economy.
2. Textiles and spices were the first products to be
exported by India.
3. The Indian trade scenario evolved gradually after
the country’s independence in 1947.
10. IMPORTS
India’s major imports
comprise of crude oil
machinery, military
products, fertilizers,
chemicals, antiques
and artworks.