![]() India’s merchandise exports are less than its merchandise imports.Top Export Items: Petroleum products, precious stones, drug formulations & biologicals, gold and other precious metals are the top exported commodities.Note: In general, if someone mentions Balance of Trade, he/she is intending only the Balance of Trade (Merchandise) Exports of India: Facts You Need to Know Import of goods (merchandise/commodities)īalance of Trade (BoT) is also known as Trade Balance.īalance of Trade (Merchandise) = Export of goods – Import of goodsīalance of Trade (Services) = Export of services – Import of services.Export of goods (merchandise/commodities).To make it simple, let’s summarise foreign trade of India as below: Note: Subscribe ClearIAS YouTube Channel to learn from more free videos. The Periplus of the Erythraean Sea is a document (written by an anonymous sailor from Alexandria about AD 100) describing trade between countries, including India. India is used to trade with foreign nations even in BC. UPSC Question based on International Trade of Indiaīusiness with foreign nations is not a new phenomenon in India. ![]() Net Remittances from Indians employed overseas.Ease of Doing Business: Performance of India.Top 10 Countries from which India imports the most.Top 10 Countries to which India exports the most.Imports of India: Facts you need to know. ![]()
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