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2 cards from this section. Quick, good the night before a test.
What is international trade?
Consider how countries obtain resources from one another.
Define trade deficit.
Think about imports versus exports.
What percentage of world trade does India contribute?
Recall the statistics mentioned about India.
True or False: India primarily imports agricultural products.
Look for the major items listed in the context of imports.
Evaluate how a consistent trade deficit could affect India's long-term economic strategies.
Consider historic examples of countries addressing trade deficits.
Propose potential policies India could adopt to improve its trade balance.
Reflect on current reforms in India's trade policies.
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