1.
Devesh Gupta
– Assistant Professor, Iimt Group Of Colleges, Meerut, Uttar Pradesh, India.
2.
Geetika Shukla
– Assistant Professor, Iimt Group Of Colleges, Meerut, Uttar Pradesh, India.
3.
Divya Gupta
– Assistant Professor, Iimt Group Of Colleges, Meerut, Uttar Pradesh, India.
Abstract
Foreign trade plays a pivotal role in the overall
development of the economy. In the modern world
of today, none of the nations in the world can survive
without the indulgence of international trade. All the
nations of the world are interdependent in terms of
satisfying their mutual demands. India heralded in
the area of international trade with different nations
when it gained independence from the shackles of the
British rule. When it gained independence, India was
not aware of the possibilities that existed in the area of
international trade, because for nearly 200 years it was
under the trade norms of the British government, which
exploited India both in terms of economic resources and
labour resources. In the backdrop of the importance of
foreign trade, present paper aims to provide a study of
the composition of foreign trade of India and changes
which has taken place in recent times.
