What is invisible trade? Discuss salient aspects of India’s trade in services.

Solution

Invisible trade : Trade in services is known as invisible trade. India’s trade in services have undergone significant changes over the years in terms of both the volume and composition of trade. The most important change relates to emergence of software exports which accounts for about 49% of India’s total services exports.

Data relating to India’s foreign investment both (inward and outward) also show remarkable growth. While the inward foreign investment have grown more than 750 times, from Rs. 201 crores in 1990-91 to Rs. 1,51,406 crore in 2003-04. India’s investments abroad have increased much more exponentially around 4927 times (from Rs. 19 crores in 1990-91 to Rs. 83,616 crores in 20903-04.

Some More Questions From International Business - I Chapter

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International Business - I

What is invisible trade? Discuss salient aspects of India’s trade in services.

Some More Questions From International Business - I Chapter

Define “global village”.

Give meaning of International Business.

Give the types of mode of entry into International Business.

Give meaning of merchandise export and import.

Give meaning of service exports and imports.

Give meaning of direct exporting.

Give meaning of direct importing.

Give meaning of contract manufacturing.

Give meaning of licensing and franchising.

Define foreign investment.

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