India's foreign trade- prospects and challenges - By Chandrakant Singh
Foreign Trade has been one of the most significant determinants of economic development in a country. The foreign trade of a country consists of inward and outward movement of goods and services, which result into outflow and inflow of foreign exchange from one country to another country.
International trade is a vital part of development strategy and an effective instrument of economic growth, employment generation and poverty alleviation in an economy. According to Traditional Pattern of trade development, resources are mainly transferred from the agricultural country to the industrialist nation and then into services - sector based ....
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