“CUET Geography Notes by Artham Resources: Chapter 11 – International Trade. Explores India’s participation in global trade, trade policies, agreements, and impacts on the economy.”
Content of Chapter 11 – International Trade:
- Introduction to International Trade:
- Definition, Importance, Benefits, Global Trade Trends
- India’s Trade Policies:
- Export Promotion, Import Substitution, Trade Liberalization
- Trade Agreements:
- Bilateral and Multilateral Trade Agreements, Free Trade Agreements (FTAs)
- Export-Import Scenario:
- Major Exports (Textiles, IT Services, Pharmaceuticals), Import Commodities
- Trade Balance and Foreign Exchange:
- Trade Surplus, Trade Deficit, Currency Exchange Rates
- Impact of International Trade on Indian Economy:
- Employment Generation, Industrial Growth, Foreign Investment
- Challenges and Opportunities:
- Trade Barriers, Tariffs, Non-Tariff Measures, Global Market Access
- Future Prospects and Strategies:
- Diversification of Exports, Market Access, Trade Promotion Initiatives.
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