Consider the following statements: 1. India’s import of crude and petroleum product during the year 2001-02 accounted for about 27% of India’s total imports. 2. During the year, 2001-02, India’s exports had increased by 10% as compared to the previous year Which of these statements is/are correct?
Options
(a)Only 1
(b)Only 2
(c)Both 1 and 2
(d)Neither 1 nor 2
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Class 12International Trade— NCERT Geography, Chapter 8. India's foreign trade grew from ₹1,214 crore in 1950-51 to about ₹77 lakh crore by 2021-22, yet India has only about one per cent of world trade and imports have always…
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