Economics · International Trade
What has been a major structural impact of globalization on India's trade dynamics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Trade under globalization is strictly limited to the exchange of technological goods.
- 2Globalization has diversified India's trade partners and expanded its export-import basket.✓
- 3India has become isolated from international trade networks.
- 4There has been a complete elimination of India's foreign exchange reserves.
Correct answer
Globalization has diversified India's trade partners and expanded its export-import basket.
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