Economics · Economy
Which of the following statements best describes India's foreign trade policy?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1India's foreign trade policy aims to increase exports, reduce import dependence, and diversify trade partners.✓
- 2India's foreign trade is primarily conducted with only a few neighboring countries.
- 3India consistently runs a trade surplus due to high export volumes of manufactured goods.
- 4India maintains a completely protectionist trade policy, restricting most imports.
Correct answer
India's foreign trade policy aims to increase exports, reduce import dependence, and diversify trade partners.
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