Category: International Trade

Trade In India


Trade and commerce have been the backbone of the Indian economy right from ancient times. Textiles and spices were the first products to be exported by India. The Indian trade scenario evolved gradually after the country’s independence in 1947. From the 1950s to the late 1980s, the country followed socialist policies, resulting in protectionism and heavy regulations on foreign companies conducting trade with India. India’s international trade situation improved when Prime Minister Rajiv Gandhi reformed the trade policies in the late 1980s.

Trade School


Nothing can be worse than studying subjects that have no relevance or applicability to your workplace, trade or profession. A lot of us face the dilemma of having gone through such an educational format. That is why vocational education and trade schools are relevant. They are basically post-secondary training institutes for adult-learners who want to gain immediate job-specific skills. Whatever trade school you opt for, make sure that it is accredited.

 

Regional Trade Blocks at a Glance


The concept of trade blocks is crucial in the context of international trade. Trade blocks are free trade zones designed to encourage trade activities across nations. The formation of trade blocks involves a number of agreements on tariff, trade and tax. The activities of trade blocks have huge importance in the economic and political scenarios of the contemporary world. Over the years trading blocks have played a major role in regulating the trend and pattern of international trade.

International trade deficit, Balance of trade deficit


Trade deficit is a situation when in an economy the imports are more than the exports. In such as case the economy is highly dependent on the import of goods. There are various factors for the trade deficit, such as the country’s inability to produce goods and services, as per the needs of the country, failure of agricultural produce due to natural calamities, etc.