Analysing The Role Of Foreign Trade On Economic Development Of Nation

Abstract

Foreign trade reflects economic links between individual economies and constitutes a portion of a country's foreign relationships, which includes the trade exchange of a portion of its production. Foreign trade is one of the growth indicators. Most economists agree that international trade in commodities and services has a beneficial impact on growth, increasing productivity per capita. Foreign trade, often known as international trade, has enormous economic relevance and benefits for developing country economies. The significance of international trade to growth in large-population, developing economies is examined in this article, with a focus on India.