2 What is the role of services exports in recent years in India’s composition of trade? Discuss.
Answer : Role of services exports in recent years in India’s composition of trade
Foreign Trade is one of the significant macro fundamental variable of an economy. India till recently was predominantly a primary goods exporting and mainly an industrial goods importing country.
In 1950s, India’s share in the world trade was 1.78% which was decline to 0.59% in 1990 and continues to remain around 0.60% till now. India’s share in world exports was 0.8% in 2006.
A. Composition of India’s ExportsStudents, Get Completely solved SMU MBA Spring 2014 assignments from authorized organization www.smumbaassignment.com
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