India - EDC Flashcards
1
Q
Current international trade patterns in India?
A
- Main export partner: $102B USA
- Main import partner: $77B China
- Main exports: Petroleum, Jewelry
- Main imports: Crude oil, gold, electricals
2
Q
What trade bloc are India in?
A
ASEAN
3
Q
Changes in IN trade in India?
A
Strong relationship with trading partners lead to 0.7% GDP growth
Growth of tertiary occupation
Growth of volume of trade
4
Q
Impacts of trade in India?
A
- HDI score increased from 0.483 to 0.645 in 2020
- Increase in trade lead to multiplier effect
5
Q
A