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Which best describes India’s foreign trade pattern at the time of independence?
Question

Which best describes India’s foreign trade pattern at the time of independence?

A.

Export capital goods, import consumer goods

B.

Export finished goods, import raw materials

C.

Balanced trade

D.

Export raw materials, import manufactured goods

Correct option is D

The correct answer is (d) Export of raw materials and import of manufactured goods
Explanation:
. India exported cotton, jute, raw silk.
. Imported British manufactured goods.
. Trade served colonial interests.
. Export surplus drained away.
. Weakened Indian industries.
Information Booster:
. Home Charges paid from trade surplus.
. Reinforced dependency economy.

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