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International Business - I

Question

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Give the role of India’s involvement in World Business.

Solution

1. India’s involvement with international business is not much impressive. India’s share in world trade in 2003 was abnormally low just 0.8% as compared to those of other developing countries such as China 5.9%, Hong Kong 3.0%, South Korea (2.6%), Malaysia 1.3%, Singapore 1.9%, and Thailand 1.1%.
2. Even in respect of foreign investments, India has been considerably lagging behind other countries.

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