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61. EXPORT
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IMPORT
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1.
Meaning:
It is part of foreign trade
which involves movement of goods from one country to another country.
2.
Foreign Exchange:
Exports help to earn foreign
exchange.
3.
Balance of payment:
Export earnings improve the
balance of payment position of a country.
4.
Trade Balance:
It reduces trade deficit or it
can generate trade surplus
5.
India’s Main items:
The main items of India’s
exports are gems and jewellery, engineering goods, computer software etc.
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It is part of foreign trade which
involves movement of goods inside a country from other countries.
Imports results in outflow of foreign
exchange.
Imports negatively affect the balance of
payments of a country.
It increase trade deficit. It can never
generate trade surplus.
India’s main items of imports are oil and
petroleum products, edible oils etc.
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EXPORT IMPORT
