IBO 03 Solved Assignment 2024-25
India’s Foreign Trade
IBO 03 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
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Assignment Code: ASST/ IBO 03 /2024-25
Marks: 100
Attempt all the questions:
Q1. Outline the
changing pattern of India’s foreign trade with reference to composition of
foreign trade.
India's foreign
trade has undergone significant changes over the years, reflecting the evolving
global economic landscape, domestic policies, and international trade dynamics.
The composition of India's foreign trade has shifted due to various factors
including changes in global demand, government policies, technological
advancements, and shifts in comparative advantage. Below is an outline of the
changing pattern of India's foreign trade with reference to the composition of
foreign trade:
India has a
long history of trade relations with various regions, including the Middle
East, Europe, Southeast Asia, and Africa.
Before
independence in 1947, India was primarily an exporter of raw materials, such as
jute, cotton, tea, and spices, to colonial powers.
Following
independence, India adopted a policy of import substitution industrialization
(ISI), aiming to promote domestic industries and reduce dependency on imports.
The composition
of foreign trade during this period was characterized by a heavy reliance on
imports of capital goods, machinery, and technology to support
industrialization efforts.
Exports were
mainly primary commodities and manufactured goods with low value-addition.
In the early
1990s, India embarked on economic reforms, liberalizing its trade and
investment policies to integrate with the global economy.
Trade
liberalization led to significant changes in the composition of foreign trade:
Exports: There
was a diversification of exports, with the emergence of sectors such as
Information Technology (IT), software services, pharmaceuticals, and automotive
components. These sectors benefited from India's skilled workforce and
comparative advantage.
Imports: India
began importing a wider range of goods, including capital goods, intermediate
goods, and consumer goods, to meet domestic demand and support industrial
growth.
India aims to
further integrate into global value chains, enhance trade facilitation
measures, negotiate free trade agreements (FTAs), and promote 'Make in India'
initiatives to boost manufacturing and exports.
The composition
of India's foreign trade is expected to continue evolving in response to
changing global dynamics, technological advancements, and policy initiatives.
This outline
provides a broad overview of the changing pattern of India's foreign trade with
reference to its composition, highlighting the historical context, key
transition phases, current scenario, challenges, opportunities, and future
outlook.
Q2. Textile and
clothing sector occupies a pivotal role in the economy of the developing
countries. Elucidate with reference to the Indian economy.
Q3. Describe
Indo-ASEAN trade and economic relations.
Q4. Write short notes on the following:
a) Balance of Payments
b) Trade Related
Intellectual Property Rights (TRIPS)
Q5. Comment briefly on the following statements:
a) Trade facilitates
the flow of capital and speed up the acquisition of new technology.
b) Foreign investment
has been considered as an important vehicle of economic growth.
c) Agricultural
products from the country have immense export potential.
d) Services are
important for Indian economy.
IBO 03 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
IBO 03 Solved
Assignment 2024-25, IBO 03 Solved Assignment 2024-25, IBO 03 Solved Assignment
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IGNOU IBO 03 Solved
Assignment 2024-25 :- Those students
who had successfully submitted their Assignments to their allocated study
centers can now check their Assignment Status. Alongside --assignment status,
they will also checkout their assignment marks & result. All this is often
available in a web mode. After submitting the assignment, you'll check you IBO
03 Solved Assignment 2024-25 only after 3-4 weeks. IBO 03 Solved Assignment 2024-25
it'd take 40 days to declare IBO 03 Solved Assignment 2024-25
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