(i) As the resources are space-bound, no country can survive without international trade.
(ii) Foreign trade has helped India to improve its productivity of manufactured goods. International trade contributes to India’s economic growth, rising income level of people.
(iii) Goods or resources possessed by one country are required by other and vice-versa. These differences create conditions for International trade.
(iv) In the recent years, exchange of commodities and goods have been superseded by the exchange of information and knowledge.
(v) India has emerged as a software giant at the International level and it. is earning a large amount of foreign exchange through the export of Information Technology.
