There has been a change in the nature of our international trade :
(i) Since 2004-2005, the share of agriculture and allied products, ores and minerals, chemical and allied products, engineering goods and petroleum un products has been increasing.
(ii) Exchange of commodities and goods have been superseded by the exchange of information and knowledge.
(iii) India has emerged as a software giant at international level.
(iv) India is earning large foreign exchange through the export of information technology.
(v) Imports : Commodities imported to India include petroleum and petroleum products–41.87% and Coal, Coke and briquettes–94.17%.
