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2 cards from this section. Quick, good the night before a test.
What is the value of India's trade in 1950-51?
Think of the early post-independence period.
Name one major export sector in India.
Think about what India produces significantly.
What does the term 'trade balance' refer to?
Think of which is larger.
True or False: A negative trade balance indicates that a country exports more than it imports.
Consider the definition of negative.
Given the changes in trade patterns, propose strategies for India to improve exports in agricultural goods by 20% over the next five years.
Consider both internal and external strategies.
Evaluate the potential impact of global crises on India's import balance and suggest ways the government can mitigate negative effects.
Look at both long-term and short-term strategy adjustments.
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