Answer :

The term trade is referred to the exchange of goods among the people, states and countries and exchanges take place in the markets. Thus, trade between the two countries is called International trade. Such trade takes place through sea, air or land routes. Development of international trade will only lead to the economic prosperity of the country. Export and import are the components of trade and there is no country that could think of economic development without international trade.

Ores and minerals and gems and jewellery are two major items of export. Pearls and precious stones and inorganic chemicals are two items of import to India.


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