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International Trade

Madhya Pradesh Board · Class 12 · Geography

Quick revision notes for International Trade — Madhya Pradesh Board Class 12 Geography. Key concepts, formulas, and definitions for last-minute revision.

43 questions22 flashcards5 concepts

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A bar chart illustrating the significant increase in India's external trade value from 1950-51 to 2020-21, highlighting the sharp rise over decades.
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Key Topics to Revise

1

India's Foreign Trade - Growth and Trends

  • India's external trade grew from Rs. 1,214 crore in 1950-51 to Rs. 77,19,796 crore in 2020-21
  • Percentage growth calculation: [(77,19,796 - 1,214) / 1,214] × 100 = 635,507% growth
  • Reasons for growth: manufacturing sector momentum, liberal government policies, market diversification
2

Composition of India's Exports

  • Manufactured goods dominate exports: 67.8% in 2021-22 (decreased from 72.9% in 2015-16)
  • Agriculture and allied products: 11.9% in 2021-22 (fluctuated around 12-14%)
  • Crude petroleum products: 16.4% in 2021-22 (increased from 11.9% in 2015-16)
3

Composition of India's Imports

  • Major shift from foodgrain imports (1950s-60s) to petroleum and industrial goods
  • Green Revolution eliminated foodgrain imports after 1970s
  • 1973 energy crisis increased petroleum imports significantly
4

Direction of India's Trade

  • Asia and ASEAN: Largest trading region (Rs. 29,18,577 crore imports in 2021-22)
  • Europe: Second largest (Rs. 6,40,577 crore imports in 2021-22)
  • North America: Third largest (Rs. 3,78,041 crore imports in 2021-22)

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Key Concepts

The difference between the valueIndia's export basket consists mainlyMajor imports include petroleumIndia trades primarily with AsiaIndia has 12 major ports (managed

Frequently Asked Questions

What are the important topics in International Trade for Madhya Pradesh Board Class 12 Geography?
International Trade covers several key topics that are frequently asked in Madhya Pradesh Board Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in International Trade — Madhya Pradesh Board Class 12 Geography?
Start by understanding all key concepts. Practise previous year questions from this chapter. Revise formulas and definitions regularly. Use flashcards for quick revision before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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