What is International Trade?
International trade economic exchanges that are made between nations. This exchange permits nations to extend their market for the two products and ventures that in any case might not have been accessible locally. The market contains more prominent rivalry and along these lines progressively serious costs. Among the things normally exchanged are shopper merchandise, for example, TVs and dress, capital products, for example, hardware and crude materials and food.other exchanges include administrations and installments for remote licenses.
Its obvious exchange alludes to the purchasing and selling of merchandise strong unmistakable things between nations undetectable exchange, then again, allude to support. Most financial specialists all inclusive concur that international trade helps support country riches. At the point when an individual or organization buy a less expensive item or administration from another nation expectations for everyday comforts in the two countries rise. Universal exchange and the going with monetary exchanges are for the most part led to demonstrate a country with products it needs trade for those that it creates in wealth. Such exchanges working with other monetary approaches will in general improve the standard of a country of living.
Features of International Trade
1. India will export tea, jute, cloth, iron, and leather before independence. But after independence, they are exporting gems, jewelry, electronic goods, and ready-made garments, etc.
2. But after independence petroleum, steel, industrial raw material, etc.
3. India has depended upon foreign trade with foreign shipping, insurance, and banking companies. But when cargo ships were built-in India. Bank and insurance companies have started taking interest in foreign trade.