Indian Foreign Trade During 2010-2023

Abstract

Foreign trade is defined as trade between two or more countries. Foreign trade involves many currencies from various countries and is governed by the rules and conventions of the concerned nations. External trade is one of the crucial components of a country’s financial development. A country’s foreign trade includes both domestic and foreign commodities and services. It led to the leak and invasion of irrelevant dialogue from one nation to another. The Indian economy is heavily dependent on both imports and export, and India is a key player in the global economy. The primary goal of the study is to examine the state of India’s international trade using yearly data from 2010 through 2019. From the World Bank’s official website, pertinent information has been gathered. The data have analysed by bar diagram. According to Economic Survey 2018-19, exports and imports of India were 11,36,964 crore and 16,83,467 crore rupees in 2010-11. But exports and imports of India were 23,07,726 crore and 35,94,675 crore rupees in 2018-19. This study shows that import is greater than to export of India.